Sing the accounting equation, compute the missing elements.

Assets	=	Liabilities	+	Owner's Equity
$fill in the blank 1	=	$29,560	+	$16,800
$31,190	=	$17,120	+	$fill in the blank 2
$29,530	=	$fill in the blank 3	+	$18,850

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There are three different ways the accounting equation may be expressed:

1. Assets = Liabilities + Owner's Equity
2. Assets – Liabilities = Owner's Equity
3. Assets – Owner's Equity = Liabilities