Determine the missing amounts in the accounting equations. Assets II Liabilities + Stockholders' equity = $ Auto Parts and Tires Corp. Pet Lovers Inc. 46,100 + $ 3,400 $ 103,000 + $ 41,000 Flowers and Gifts Inc. $ 117,900 = $ 95,900 + Question Help Olive's Garden Shops started business in 2018 with total assets of $60,000 and total liabilities of $23,000. At the end of 2018. Olive's Garden Shops' total assets were $39,000 and total liabilities were $20,500 After analyzing the data, answer the following questions: 1. What was the amount of the increase or decrease in stockholders' equity? 2. Identify two possible reasons for the change in stockholders' equity during the year. 1. What was the amount of the increase or decrease stockholders' equity? (Do not use parentheses or a minus sign to show a decrease.) Stockholders' equity during the year by $ increased decreased US es 1. Analyze the effects of these events on the accounting equation of the medical practice of Shannon Lucas M.D., Inc. Use headings for Cash, Medical supplies (Med sup), Land, Accounts payable (AP), Common stock (CS), Service revenue (Serv rev), Rent expense (Rent exp), and Utility expense (Util exp). Calculate the updated balances for all the accounts after entering each transaction. (If a box is not used in the transaction, leave the box empty, do not enter a zero. If an event does not affect the accounts of the business, leave the entire transaction line blank. Carry down I balances, including zero balance accounts. Enter decreases with a minus sign or parentheses.) August 2: Lucas bought $100,000 of common stock in the business by opening a bank account in the name of Shannon Lucas M.D., Inc. Assets Liabilities + Cash + Med sup + Land AP CS + Stockholders' equity Retained earnings Serv rev Rent exp Util exp + = 2) Bal + + Cash. $. 5,500 Office equipment.. 6,300 9,500 Common stock 5,000 Retained earnings Accounts payable 6,000 4,400 Note payable 12,500 Supplies Accounts receivable 600 Requirement 1. What type of business organization is Elsie's Coffee Shop? Elsie's Coffee Shop is a corporation partnership sole proprietorship Selected accounts of Adessa Consulting, Inc., a financial services business, have the following balances at December 31, 2018, the end of its first year of operations. During the year, Lucy Adessa, the only stockholder, bought $15,000 of stock in the business. :: (Click the icon to view the selected accounts.) Read the requirements Office furniture .. $ 43,000 12,700 900 Utilities expense.. Accounts payable Note payable Service revenue. $ 30,000 Rent expense. 9,800 Cash.... 3,800 Office supplies 22,500 Salaries expense. 140,000 Salaries payable.... 7,500 Property tax expense ..... 3,500 Equipment. 49,000 2,500 Accounts receivable 3,000 Supplies expense 35,000 Requirement 1. Identify each amount shown as an asset, liability, revenue, or expense. Office furniture.. Utilities expense... Accounts payable Note payable Service revenue... . . Accounts receivable Supplies expense