Question: BE1-1 Presented helow is the basic accounting equation (in thousands). Determine the missing amounts. BE1-2 Given the accounting equation, answer each of the following questions.

BE1-1 Presented helow is the basic accounting equation (in thousands). Determine the missing amounts. BE1-2 Given the accounting equation, answer each of the following questions. (a) The liabilities of Shumway Company Ltd, are 120,000 and the equity is 232,000. What is the amount of Shumway Company Ltd.'s total assets: (b) The total assets of Shumway Company Ltd. are 190,000 and its equity is 80,000. What is the amount of its total liabilities? BE1-1 Presented helow is the basic accounting equation (in thousands). Determine the missing amounts. BE1-2 Given the accounting equation, answer each of the following questions. (a) The liabilities of Shumway Company Ltd, are 120,000 and the equity is 232,000. What is the amount of Shumway Company Ltd.'s total assets: (b) The total assets of Shumway Company Ltd. are 190,000 and its equity is 80,000. What is the amount of its total liabilities

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