I need help figuring out the equity portion of this balance statement. I need the equity in order to do the rest of the questions in the homework set. It's been over 30 years since I've taken accounting and I do not recall what all should be included in what is considered equity. Can someone help me.

Exercise APPLICATION: (SHOW ALL CALCULATIONS Given the following Income Statement ( End of Year, 3017] fort Sales Andentry Less: Inventory (B) Gross Purchases 200,000 / 500, 309 60,090 | 50up00 500,0.09 | 5001806 100 Less ducowants 20,000 / 500,000 13 Net Purchases 180 |500, 60D Total Goods Available 240,000 / 5 00 . DOU 14 Less: Inventory [EI Total Cost of Goods Sold 75,000 | 5 40.600 165.009 / 5 00,050 10 48 Gross Margin: 3.35_000 / 700,000 Less: Variable Expires Sales Commissions 130,000 / 540woo Deliveries 5,000 / 5001600 135.000 / 5.60/000 Contribution Margin 200,000 / $500,060 Less: Fixed Expenses Rent $0,000 / 500,000 40 Salaries 95,000 | 600100 0 Distribution Rights 5.000 / 500,000 19 150,000/ 50. 090 Net Profit [BT) 50,000/ 500,OOD 30 a. If there Is afare performance problem(s), what is/are the major source[s) of the discrepancylies) between the industry's marketing performance and that of your employer? Show your calculations and explain your answer (be specific) bu Calculate the firm's 2017 Breakeven Sales figure. What is the new Breakeven Sales figure if the firm's management wants to increase next year's profit margin by 2% of Total Sales? (hint: the 2%% Increase in sales becomes a target profit). 2