a$.$ Know: Identify the three major financial statements.

b$.$ Understand: Company B has assets totaling $$100,000,$ but liabilities of $$70,000.$ Calculate Company B$\text{'}$s owner's equity?

c$.$ Apply: In $2022,$ Company A had net sales of $$465,000,$ cost of goods sold at $$260,000,$ total operating expenses at $100,000$ with taxes of $16,000.$

In $2022,$ Company B hadriet sales of $440,000,$ cost of goods sold at $$247,000$ total operating expenses at $40,000$ with taxes of $12,000.$ Write three sentences or more in which you calculate and compare the bottom line of two companies.