Chrs NT makes specialty son dirs. M the end of 2015, Chns NT had total assets of $520 000 and liabilies totaling $330 000. Requirements Write the frw's accounting equation and label each amount as a detit or a credit 1. 2. The businesa's total revorues for 2015 were $ano c00, and total expenses for the year wore S310 000. How much was the business's proft (or net loss) for 20157 Write the equabion to calculate the fms proft, and indicate which element is a debll and which is a credit. Does proft represent a net debit or a net credt? Requirement 1. Write the acounting equation and select whether each account is a nomal debit or credit account Determine the accounting equation, then calculate and label each amount as a debit or a credit. Requirement 2. Wite the equation and calculate the fim's proft or loss. On the third ine, indicato which elemant is a debit and which is a credit and determine whether the prot or los represents a net debit or a net credt Profit (or loss) Choose from any list or enter any number in the input fields and then continue to the next question.