Response to the following problem:
Determine the following amounts.
a. The amount of the liabilities of a business that has $60,800 in assets and in which the owner has $34,500 equity.
b. The equity of the owner of a tour bus that cost $57,000 who owes $21,800 on an installment loan payable to the bank.
c. The amount of the assets of a business that has $11,780 in liabilities and in which the owner has $28,500 equity.