O 1) Recall the basic accounting equation Assets Liabilities + Owner's Equity Construct a table on this spreadsheed with columns for assets, liabilities, and owner's equity. Then enter formulas to calculate the missing elements for the following sets of data: a) liabilities $42,000; owner's equity 580,000 b) assets $96,000, owner's equity $51,250 10 11 c) abilities $15,700, assets 549,900 12 13 14 15 16 17 18 19 20 21 2) Recall the formula to calculate owner's equity: 22 23 Owner's equity capital revenue-drawings-expenses 24 25 Construct a table on this spreadsheed with columns for owner's equity, capital, revenue, drawings, and expenses. Then enter formulas to calculate the missing elements for the following sets of 26 data 27 28 al capital $66,000; revenue 539,000; drawings $19,000; expenses $26,000 29 30 b) owner's equity $28,500; revenue 540,000, drawings $21,000, expenses $41,000 31 32 ) owner's equity $75,600, revenue 58,000; capital $115,000; expenses-$13,000 1 33 34 d) cash and equipment invested in company by owner $24,000, proceeds from sale of merchandise 568,000; cash withdrawn by the owner-$12,000; utilites, supplies, and rent expenses 35 $21,000 36 37 34