Given the accounting equation, answer each of the following questions.
a. The liabilities of Berber Company are $120,000 and the owner’s equity is $230,000. What is the amount of Berber Company’s total assets?
b. The total assets of Berber Company are $190,000 and its owner’s equity is $89,000. What is the amount of its total liabilities?
c. The total assets of Berber Company are $900,000 and its liabilities are equal to one-half of its total assets. What is the amount of Berber Company’s owner’s equity?