Question: Kindly answer step by step, will upvote if the Total Assets = Liabilities + Equity based on the trial balance sheet and answer is correct
Kindly answer step by step, will upvote if the Total Assets = Liabilities + Equity based on the trial balance sheet and answer is correct . Thank you!

From the trial balance, compute the following and show the WORKINGS:
- Total Assets
- Total Liabilities
- Net Profit
TRIAL BALANCE OF LINDA CONSULTING FOR THE MONTH AS OF 28 FEBRUARY 2022 Debit Credit Cash $725,000 $78,000 Office Equipment $20,000 Office Supplies $5,000 Prepaid Advertising Expense $30,000 Prepaid Rent Expense $20,000 Accumulated Office Equipment Depreciation $500 Business Loan Payable $100,000 Accounts Payable $5,000 $5,000 Bank Loan Payable $500,000 Utilities Payable $200 Unearned Revenue $25,000 Owner's Capital $50,000 Salary Expense $8,000 Office Supplies Purchase Returns $5,000 Utility Expense $200 T Depreciation Office Equipment Expense $500 Service Revenue $50,000 TOTAL $813,700 $813,700
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