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Use the accounting equation to answer the following questions.
1. Picaresque Sails Co. has total assets of $140,000 and total liabilities of $45,000. What is stockholders' equity?
2. The Natenal Fun Center has total assets of $225,000 and stockholders' equity of $100,000. What are total liabilities?
3. Okkervil River Restaurant has total liabilities of $50,000 and stockholders' equity of $100,000. What are total assets?
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