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elp Search Selected data from the financial statements of a proprietorship: 2019 Income statement Total revenues [1] Total expenses..... 105,000 Profit 68,000 2019 Statement of Owner's Equity Owner's capital, Jan. 1............ 89,000 Owner investment in the business. [2] Net income 68,000 Owner's drawings 35,000 Owner's capital, Dec. 31 147,000 2019 Balance Sheet Total assets 395,000 Total liabilities [3] Instructions: Determine the missing amounts based on the information provided above. Part A: Solve for Total Revenues Total revenues (number without a comma, e.g. 15000): Instructions: Determine the missing amounts based on the information provided above. Part A: Solve for Total Revenues Total revenues (number without a comma, e.g. 15000): Part B: Solve for Owner's investment in business Owner's investment in business (number without a comma, e.g. 15000): Part C: Solve for Total Liabilities Total Liabilities (number without a comma, e.g. 15000): Equipment was purchased for the cost of $86,590. The equipment was purchased on March 1. The company's fiscal year end is September 30. The equipment is estimated to have a six-year life and a $5,450 residual value. The straight-line depreciation method is used for the asset. 1. Depreciation expense for the current year (nearest dollar without comma, e.g. 15000): 2. Depreciation expense for the next year (nearest dollar without comma, e.g. 15000): 3. Equipment's carrying amount, next year ending balance sheet (nearest dollar without comma, e.g. 15000): ( Equipment was purchased for the cost of $142,300. The equipment was purchased on March 1. The company's fiscal year end is October 31. The equipment is estimated to have a five-year life and a $7,635 residual value. The diminishing balance method, the straight-line rate, is used is used to depreciate the asset. 1. Depreciation expense for the current year (nearest dollar without comma, e.g. 15000): 2. Depreciation expense for the next year (nearest dollar without comma, e.g. 15000): 3. Equipment's carrying amount, next year ending balance sheet (nearest dollar without comma, e.g. 15000)

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