Answer:
a.
Total Stockholders' equity = $124000
b.
Retained earnings = $227000
c.
Total assets = $788000
Explanation:
a.
The basic accounting equation states that the value of total assets is always equal to the sum of the values of total liabilities and total stockholders' equity.
Total assets = Total liabilities + Total Stockholders' equity
451000 = 327000 + Total Stockholders' equity
Total Stockholders' equity = 451000 - 327000
Total Stockholders' equity = $124000
b.
The total stockholders' equity section of a company can be further divided into two components namely common stock and retained earnings. Thus, the basic accounting equation can be rewritten as,
Total assets = Total liabilities + Common Stock + Retained earnings
787619000 = 226000 + 166000 + Retained earnings
Retained earnings = 619000 - 392000
Retained earnings = $227000
c.
Total assets = Total liabilities + Common Stock + Retained earnings
Total assets = 401000 + 201000 + 186000
Total assets = $788000
