Use the accounting equation to answer each question below. Show any calculations you make.

1. The assets of Newport Corporation are 650,000 , and the shareholders' equity is 360,000 . What is the amount of the liabilities?

2. The liabilities and shareholders' equity of Fitzgerald Corporation are 95,000 and 32,000 , respectively. What is the amount of the assets?

3. The liabilities of Emerald Corporation equal one-third of the total assets, and shareholders' equity is 120,000 . What is the amount of the liabilities?

4. At the beginning of the year, Pickett Corporation's assets were 220,000 and its shareholders' equity was 100,000 . During the year, assets increased 60,000 and liabilities decreased 10,000 . What is the shareholders' equity at the end of the year?