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Use the expanded accounting eluation to answer each of the following questions. (a) The liabilities of Wildhorse Company are $80,000. Owner's capital is $160,000; drawings

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Use the expanded accounting eluation to answer each of the following questions. (a) The liabilities of Wildhorse Company are $80,000. Owner's capital is $160,000; drawings are $96,000; revenues, $469,000; and expenses, $304,000. What is the amount of Wildhorse Company's total assets? Total assets (b) The total assets of Sierra Company are $61,000. Owner's capital is $15,000; drawings are $5,800, revenues, 547,000 : and expenses, $42,000. What is the amount of the company's total liabilities? Total liabilities (c) The total assets of Birch Co. are 5885.000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Birch Co's owner's equity? Owner's equity

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