Please answer question 1 and 2 showing your calculations / formulas. Assignments submitted without calculations will receive a zero grade.

1. United Clinic had total assets of $500,000 and an equity balance of $350,000 at the end of 2019. At the end of 2020, United Clinic had $570,000 in assets and $375,000 in equity.
   1. What was United Clinics dollar growth in assets during 2020? (Dollars)
   2. What was United Clinics growth rate in assets during 2020? (Percent)
   3. What was United Clinics growth in equity? (Percent)
2. What are the missing values labeled (a) through (i). You will have 9 answers. Write out your formula / calculation. Clearly label your answer for each. Below is financial statement information on three not-for- profit organizations.

Financial Statement Data on Three Not-for-Profit Clinics

	Highland Clinic	Smith Clinic	Lakeland Clinic
December 31, 2019:
Assets	$80,000	$100,000	(g)
Liabilities	$50,000	(d)	$75,000
Net Assets	(a)	$50,000	$40,000
December 31, 2020:
Assets	(b)	$130,000	$180,000
Liabilities	$55,000	$62,000	(h)
Net Assets	$45,000	(e)	$100,000
During 2020:
Total Revenue	(c)	$400,000	(i)
Total Expenses	$335,000	(f)	$360,000
Increase in Equity	$15,000	$10,000	$65,000