Use the basic accounting equation to answer these questions.
(a) The liabilities of Daley Company are $90,000 and the stockholders’ equity is $230,000. What is the amount of Daley Company’s total assets?
(b) The total assets of Laven Company are $170,000 and its stockholders’ equity is $80,000. What is the amount of its total liabilities?
(c) The total assets of Peterman Co. are $800,000 and its liabilities are equal to onefourth of its total assets. What is the amount of Peterman Co.’s stockholders’ equity?