QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts + Company 1 2 3 Assets $ 76,000 $ 96 500 $ 87,000 Liabilities 5 35 500 $ 25500 $ 21.000 Equity $ 40,500 $ 71.000 5 66.000 . 2. Use the expanded accounting equation to compute the missing financial statement amounts Company Revenues Assets Dividends M Common Stock $ 21.000 5 45000 s 5 Liabilities 16.500 $ 32.500 Expenses 5 8.500 $ 18,500 . 42.000 81,900 1 2 12.500 - 25,000 $ 5 2500X1