Use the expanded accounting equation to answer each of the following questions.
(a) The liabilities of Cullumber Company are $93,000. Owner's capital is $153,000; drawings are $90,000; revenues, $460,000; and expenses, $315,000. What is the amount of Cullumber Company's total assets?
Total assets
(b) The total assets of Sierra Company are $58,000. Owner's capital is $27,000; drawings are $6,400; revenues, $45,000; and expenses, $35,000. What is the amount of the company's total liabilities?
Total liabilities
(c) The total assets of Birch Co. are $345,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Birch Co's owner's equity?
Owner's equity
Use the expanded accounting equation to answer each of the following questions: (a) The liabilities of Cullumber Company are $93,000. Owner's capital is $153,000; drawings are $90,000; revenues, $460.000; and expenses, $315,000, What is the amount of Cullumber Company's total assets? Total assets (b) The total assets of Sierra Company are $58,000,0 wher's capital is $27,000, drawings are $6,400; revenues, $45,000;and expenses, $35,000. What is the amount of the company's total liabilities? Total liabilities (c) The total assets of Birch C0. are $345.000 and its liabdities are equal to two-thirds of its total assets. What is the amount of Birch Co's owner's equity? Owner's equity 
