Question: Use the expanded accounting equation to answer each of the following questions (a) The liabilities of Crane Company are $97.000 Owner's capital is $159,000; drawings

Use the expanded accounting equation to answer each of the following questions (a) The liabilities of Crane Company are $97.000 Owner's capital is $159,000; drawings are 598.000; revenues, $436.000; and expenses. $331,000. 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 $19,000 drawings are $8,100; revenues $50,000; and expenses. $45,000. What is the amount of the company's total liabilities? $ Total liabilities (c) The total assets of Birch Co are 5648.000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Birch Cois owner's equity? 5 Owner's equity

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