question 1

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 $575,000 in assets and $380,000 in equity. a. What was United Clinics dollar growth in assets during 2020? (Dollars) b. What was United Clinics growth rate in assets during 2020? (Percent) c. What was United Clinics growth in equity? (Percent) 2. Fill in the missing values labeled (a) through (i). You will have 9 answers. Below is financial statement information on three not-for-profit organizations. Financial Statement Data on Three Not-for-Profit Clinics Lowland Clinic Casio Clinic Jarrod Clinic December 31, 2019: Assets $100,000 Liabilities $80,000 $50,000 (d) (g) $75,000 $45,000 Net Assets (a) $60,000 December 31, 2020: Assets $130,000 $180,000 Liabilities (b) $55,000 $62,000 (h) Net Assets $45,000 (e) $110,000 During 2020: Total Revenue Total Expenses $400,000 (c) $330,000 (0) $360,000 Increase in Equity $15,000 $8,000 $65,000