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Use the basic accounting equation to answer these questions.

$($a$)$ The liabilities of Sandhill Company are $$91,200$ and the stockholders' equity is $$238,000.$ What is the amount of Sandhill's total

assets?

Total assets $

$($b$)$ The total assets of Blue Company are $$196,000$ and its stockholders' equity is $$82,000.$ What is the amount of its total liabilities?

Total liabilities $,$$

$($c$)$ The total assets of Indigo Co$.$ are $$760,000$ and its liabilities are equal to one$-$fourth of its total assets. What is the amount of

Indigo's stockholders' equity?

Stockholders' equity $The following are three business transactions. For each column, indicate whether the transactions increased, decreased, or had no effect on assets, liabilities, and stockholders$$ equity.

Assets

Liabilities

Stockholders' Equity

$($a$)$

Stockholders invested cash in the business for common stock.

select an effect

select an effect

select an effect

$($b$)$

Paid a cash dividend.

select an effect

select an effect

select an effect

$($c$)$

Received cash from a customer who had previously been billed for services performed.