Sue Smith is the owner and operator of Smith Enterprise, a motivational consulting business. At the end of its accounting period, December 31, 2009, Smith Enterprise has assets of $760,000 and liabilities of 240,000. How much is Sue Smith, capital, as of December 31, 2010, assuming that assets increased by $100,000 and liabilities decreased by $38,400 during 2010.?How much is Sue Smith, capital, as of December 31, 2009?How much is Sue Smith, capital, as of December 31, 2010, assuming that equipment was purchased for $60,000 cash and debt of $21,600?




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