Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each of the following independent cases to compute the two missing amounts for each case. Assume that it is the end of the first full year of operations for the company. (Loss amounts should be indicated with a minus sign.) TIP: First identify the numerical relations among the columns using the balance sheet and income statement equations. Then compute the missing amounts. Independent Cases Total Revenues Total Expenses Net Income Total (Loss) Assets Total Liabilities Stockholders' Equity A $ 120,000 $ 87,000 $ 160,000 $ 75,000 B 85,000 14,500 122,000 75,000 C 85,000 93,500 114,000 31,000 D 55,000 22,500 27,000 82,000 E 86,000 (8,500) 78,000 33,000