S 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. Company 1 Assets Liabilities Equity $ 93,000 = + $ 2 3 $ = $ 34,000 + $ 121,000 = $ 38,000 + 49,000 88,000 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities + Common Stock Dividends Revenues Expenses 1 $ 2 $ 76,000 = $ 114,200 = $ 25,000 +$ 38,000 - $ 0+ $ 17,000 41,000 + $ 62,000 + $ 42,000 $ 27,000