Compute the missing amount in the accounting equation for each business. & Assets & Liabilities & Owner's Equity Flowers and Gifts & ? & & & 196,000 Bountiful Baskets & 280,000 & ? & & 220,000 Dauphin Gift and Cards & 151,000 & 115,000 & ? & ? Compute the missing amount in the accounting equation for each business. Flowers and Gifts: Assets = square Bountiful Baskets: Liabilities = square Dauphin Gift and Cards: Owner's Equity = square

## Step 1: Understanding the Accounting Equation### The accounting equation is given by: This equation must hold true for each company, and we will use it to find the missing values.## Step 2: Calculating Assets for Flowers and Gifts### For Flowers and Gifts, we need to calculate the Assets. We have:- Liabilities = 196,000Using the accounting equation: ## Step 3: Calculating Liabilities for Bountiful Baskets### For Bountiful Baskets, we need to calculate the Liabilities. We have:- Assets = 220,000Rearranging the accounting equation to solve for Liabilities: ## Step 4: Calculating Owner's Equity for Dauphin Gift and Cards### For Dauphin Gift and Cards, we need to calculate the Owner's Equity. We have:- Assets = 115,000Rearranging the accounting equation to solve for Owner's Equity: