The following information is available from the records of Focus Seascapes, Inc. at the end of the 2014 calendar year: Accounts payable $ 4,700 Service revenues 28,000 Accounts receivable 3,600 Office equipment 9,200 Capital stock????- Rent expense 2,500 Cash 13,200 Retained earnings, beginning of year 10,500 Dividends declared and paid during the year 3,800 Salary and wage expense 14,000 Required:

1. What is the total amount of Focus assets at December 31, 2014?

2. What is the total amount of Owners Equity at December 31, 2014?

3. What is the capital stock balance at December 31, 2014?

4. What does owners equity tell us? Explain.?