Given the accounting equation, answer each of the following questions. (a) The liabilities of Holland Company are $122,500 and its stockholders' equity is $241,000. What is the amount of Holland Company's total assets? Holland Company's total assets (b) The total assets of Holland Company are $187,000 and its stockholders' equity is $93,000. What is the amount of its total liabilities? Holland Company's total liabilities (c) The total assets of Holland Company are $612,000 and its liabilities are equal to one-half of its total assets. What is the amount of Holland Company's stockholders' equity? Holland Company's owner's equity In alphabetical order below are balance sheet items for Ellerby Company at December 31, 2017. Accounts payable $87,000 Accounts receivable 71,500 44,500 Cash Common stock 29,000 Prepare a balance sheet. (List Current Assets in order of liquidity.) ELLERBY COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity