Answer the following questions about the balance sheet and profit and loss statement. The reporting date is from January 1, 2006 to January 31, 2007. 1. The total assets are: _____________ 2. The...

Answer the following questions about the balance sheet and profit and loss statement. The reporting date is from January 1, 2006 to January 31, 2007.

1. The total assets are: _____________

2. The total liabilities and equity are: _____________

3. Indicate the amount of the net income or  (net loss) as of 1/31/2007. _____________

4. The gross profit is: _____________

5. The total expenses are: _____________