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Alan Lightworks' balance sheet data at May 31, 2018 and June 30, 2018, follow (Click the icon to view the balance sheet data) Read the requirement Begin by identifying the accounting equation and the formula expressed by the statement of owner's equity (the "equity equation"); Accounting equation: Equity equation: Data Table Total Assets May 31, 2018 June 30, 2018 $ 188,000 $ 250,000 144 000 99 000 Total Liabilities Print Done