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Selected data from the financial statements of a proprietorship: 2019 Income statement Total revenues $750,000 Total expenses. Profit $200,000 2019 Statement of Owner's Equity Owner's
Selected data from the financial statements of a proprietorship: 2019 Income statement Total revenues $750,000 Total expenses. Profit $200,000 2019 Statement of Owner's Equity Owner's capital, Jan. 1. $50,000 Owner investment in the business... 15,000 Net income 200,000 Owner's drawings [2] Owner's capital, Dec. 31. 130,000 2019 Balance Sheet Total assets $400,000 Total liabilities [3] Instructions: Determine the missing amounts based on the information provided above. BE Instructions: Determine the missing amounts based on the information provided above. Part A: Solve for Total Expenses Total expenses (whole number without commas, e.g. 15000): Part B: Solve for Owner's Drawings Owner's drawings (whole number without commas, e.g. 15000): Part C: Solve for Total Liabilities Total Liabilities (whole number without commas, e.g. 15000)
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