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Use the expanded accounting equation to answer each of the following questions, (a) The Habilities of Sunland Company are $97,000. Owner's capitalis $150.000 drinwings are

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Use the expanded accounting equation to answer each of the following questions, (a) The Habilities of Sunland Company are $97,000. Owner's capitalis $150.000 drinwings are $88.000, revenues. $448.000; atid expenses, 5303,000. What is the amount of Sunland Company's total assets? Total assets $ (b) The total arts of Sierra Company are $50,000 Owners capitat $24.000 drawines are 5000. revenues, $51.000 and penses, 141.000 What is the amount of the company's total abilities! Total Mobilities to The total assets of Birch Co are $495.000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Birch Ca's owner's equity? Ownersequity 5

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