The accountant for AppsGalore has compiled the following information about the company and its accounts: cash 2500 service revenues 5000 interest income 1000 accounts payable 5500 wages payable 2500 prepaid rent 1000 expenses 2000 accounts receiable 1200 equipement 10000 loan paybale 1000 Required: What are the assets belonging to AppsGalore? Listbothnames and amounts for each one and calculate the total amount (1 mark) What are the amounts that AppsGalore owes for liabilities? List each liability and calculate the total (1 mark) Using the accounting equation, what is the amount of Owners' Equity reported on AppsGalore balance sheet? (1 mark) How much net profit did AppsGalore have for the year? (1 mark). What are thethreecomponents of the balance sheet? Briefly discuss each.