Dave Ryan is the owner and operator of Ryan's Arcade.At the end of its accounting period,December 31,Ryan's Arcade has assets of $450,000 and liabilities of $125,000.Using the accounting equation,determine the following amounts: 
Definitions:
Reference groups
Groups that individuals compare themselves to for the purpose of evaluating their behaviors, attitudes, and values.
Primary groups
Small social groups characterized by close, personal, and enduring relationships, such as family or close friends.
Long-term
Pertaining to a prolonged period of time, often extending beyond what is usual or expected.
Intimate relationships
Deeply personal connections between individuals characterized by emotional attachment, love, trust, and ongoing personal interaction.
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