SLO $3$: ABAC Farms has assets of $$700,000$; liabilities of $$200,000$; Net income of

$$32,000$; and, Consulting Revenue of $$250,000.$ What is the amount of ABAC Farm's

equity?

$$900,000.$

$$700,000.$

$$500,000.$

$$200,000.$

It is impossible to determine unless the amount of the owners' investment is

known.