Use the accounting equation to answer the following questions. (a1) PinaSales Co. has total assets of $165,500and total liabilities of $71,000. What is owner's equity?

Owner's equity

$enter the amount of owner's equity in dollars

(a2) TheSarasotaSun Center has total assets of $277,500and owner's equity of $117,000. What are total liabilities?

Total liabilities

$enter the amount of total liabilities in dollars

(a3) ConcordRiver Restaurant has total liabilities of $67,000and owner's equity of $97,000. What are total assets?

Total assets

$enter the amount of total assets in dollars

Determine the missing items.

Assets	=	Liabilities	+	Owner' Equity
$86,800		$52,900		$enter a dollar amount
$enter a dollar amount		$28,900		$34,900
$85,800		$enter a dollar amount		$50,900

MargaretMooreis the bookkeeper forCarla VistaCompany.Margarethas been trying to determine the correct balance sheet forCarla VistaCompany, shown as follows.

CARLA VISTACOMPANY Balance Sheet December 31, 2022
Assets		Liabilities
Cash		$15,000		Accounts payable		$24,448
Supplies		8,000		Accounts receivable		(7,567)
Equipment		46,000		Owner's capital		65,119
Owner's drawings		13,000		Total liabilities and owner's equity		$82,000
Total assets		$82,000

Prepare a correct balance sheet.(List Assets in order of liquidity.)

CARLA VISTACOMPANY Balance Sheet choose the accounting period For the Year Ended December 31, 2022December 31, 2022For the Month Ended December 31, 2022
Assets
enter a balance sheet item					$enter a dollar amount
enter a balance sheet item					enter a dollar amount
enter a balance sheet item					enter a dollar amount
enter a balance sheet item					enter a dollar amount
select a closing section name for this part of the balance sheet Current AssetsLiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentRevenuesOwner's EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owner's EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Owner's Equity					$enter a total amount for this part of the balance sheet
Liabilities and Owner's Equity
select an opening name for section one Current AssetsLiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentRevenuesOwner's EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owner's EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Owner's Equity
enter a balance sheet item					$enter a dollar amount
select an opening name for section two Current AssetsLiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentRevenuesOwner's EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owner's EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Owner's Equity
enter a balance sheet item					enter a dollar amount
select a closing name for this part of the balance sheet Current AssetsLiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentRevenuesOwner's EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owner's EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Owner's Equity					$enter a total amount for this part of the balance sheet

The following financial information is related to the operations ofIvanhoeCruise Company for the year ended December 31, 2022.

Maintenance and repairs expense		$96,000
Utilities expense		13,600
Salaries and wages expense		137,000
Advertising expense		34,000
Ticket revenue		414,000

Prepare the 2022 income statement forIvanhoeCruise Company.

IVANHOECRUISE COMPANY Income Statement choose the accounting period For the Year Ended December 31, 2022For the Month Ended December 31, 2022December 31, 2022
select an opening name for section one DrawingsExpensesNet Income / (Loss)Owner's Capital, January 1Owner's Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestment
enter an income statement item		$enter a dollar amount
select an opening name for section two DrawingsExpensesNet Income / (Loss)Owner's Capital, January 1Owner's Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestment
enter an income statement item	$enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
select a closing name for section two DrawingsExpensesNet Income / (Loss)Owner's Capital, January 1Owner's Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestment		enter a total amount for section two
select a closing name for this statement DrawingsExpensesNet Income / (Loss)Owner's Capital, January 1Owner's Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestment		$enter a total net income or loss amount