K Compute the missing amount in the accounting equation for each entity from the financial information presented: Equity Love Drycleaners Perfect Cleaners Nice Cuts Love Drycleaners Perfect Cleaners Nice Cuts Assets $? 89,000 111,000 Assets 89,000 111,000 $ $ Liabilities 31,000 ? 68,000 Liabilities 31,000 $ 68,000 ... 35,000 53,000 ? Equity 35,000 53,000

Compute the missing amount in the accounting equation for each entity from the financial information presented: \begin{tabular}{lrrr} \hline & Assets & Liabilities & \multicolumn{1}{c}{ Equity } \\ \hline Love Drycleaners & & 31,000 & 35,000 \\ Perfect Cleaners & 89,000 & & 53,000 \\ Nice Cuts & 111,000 & 68,000 & \\ \hline \end{tabular}