Practice Brief Exercise 1 Use the accounting equation to answer each of the following questions (a) The liabilities of Olga Company are $91,000. Common stock account is $156,000; dividends are $41,000; revenues, $444,000; and expenses, $330,000. What is the amount of Olga Company's total assets? Olga Company's total assets s (b) The total assets of Lafayette Company are $55,500. Common stock account is $19,000; dividends are $5,500; revenues, $49,000; and expenses, $36,500. What is the amount of the company's total liabilities? Company's total liabilities (c) The total assets of Dierdorf Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Co.'s stockholders' equity? Dierdorf Co.'s stockholders' equity