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Use the expanding accounting equation to answer each of these questions CALCULATOR PRINTER VER Brief Exercise 1-04 Use the expanded accounting equation to answer each

Use the expanding accounting equation to answer each of these questions

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CALCULATOR PRINTER VER Brief Exercise 1-04 Use the expanded accounting equation to answer each of the following questions. (a) The liabilities of Cullumber Company are $95,000. Owner's capital is $140,000; drawings are $81,000; revenues, $470,000; and expenses, $315,000. What is the amount of Cullumber Company's total assets? Total assets $ (b) The total assets of Sierra Company are $60,000. Owner's capital is $17,000; drawings are $8,200; revenues, $45,000; and expenses, $35,000. What is the amount of the company's total liabilities? Total liabilities $ (c) The total assets of Birch Co. are $474,000 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 $ Click If you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 5 used SAVE FOR LAT

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