Total Liabilities + Total Assets $ ? 85.000 350,000 Stockholders' Equity $360,000 $300,000 50,000 275,000 S1-5. (Learning Objective 3: Apply the accounting equation) 1. If you know the assets and the equity of a business, how can you measure its liabilities Give the equation. 2. Use the accounting equation to show how to determine the amount of a company's stock holders' equity. How would your answer change if you were analyzing your own house S1-6. (Learning Objective 3: Identify assets, liabilities, and stockholders' equity accounts Classify the following items as an asset (A), a liability (L), or stockholders' equity (S) for Target Corporation, a large retailer: Land Retained earnings Accrued expenses payable Prepaid expenses Supplies Accounts payable Equipment Accounts receivable Notes payable Merchandise inventory Long-term debt Common stock boy