Question: need help with this accounting problem in the picture Current Attempt in Progress Use the expanded accounting equation to answer each of the following questions.
Current Attempt in Progress Use the expanded accounting equation to answer each of the following questions. (a) The liabilities of Crane Company are $98,000. Owner's capital is $158,000; drawings are $95,000; revenues, $450,000; and expenses, $304,000. What is the amount of Crane Company's total assets? Total assets (b) The total assets of Sierra Company are $62,000. Owner's capital is $15,000; drawings are $7,500; revenues, $46,000; and expenses, $45,000. What is the amount of the company's total liabilities? Total liabilities (c) The total assets of Birch Co. are $867,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Birch Co.'s owner's equity? Owner's equity
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