In the picture, what are assets, liabilities and equity in the balance sheet?

Assets =  $66,974

Liabilities = $0

Equity = $66,974

Explanation:

Assets

Assets are resources that are controlled by the business, which generate economic benefits.

Total Assets = Non-Current Assets + Current Assets

where,

Non-Current Assets :

Office Equipment                        $ 10,000

Computer Equipment                 $20,000

Total Non-Current Assets           $30,000

Current Assets :

Cash                                             $15,000

Accounts receivable                    $12,882

Computer supplies                        $2,545

Prepaid insurance                        $3,220

Prepaid rent                                  $3.300

Total Current Assets                   $36,947

Total Assets                                 $66,974

Liabilities

Liabilities are present obligations of the business that result in outflow of economic resources.

Total Liabilities = Non-Current Liabilities + Current Liabilities  

where,

Non-Current Liabilities = $0

Current Liabilities         = $0

Total Liabilities             = $0

Equity

Is the residue of what is left when Liabilities are deducted from the Assets

Total Equity = Total Assets - Total Liabilities

                    = $66,974 - $0

                    = $66,974

answer; standing committee;

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.