Brief Exercise 1-7Indicate which statement you would examine to find each of the

Brief Exercise 1-7Indicate which statement you would examine to find each of the following items: income statement balance sheet retained earnings statement or statement of cash flows.Brief Exercise 1-8Use the basic accounting equation to answer these questions. ( (b) The total assets of Laven Company are $186000 and its stockholders equity is $88900. What is the amount of its total liabilities? (c) The total assets of Peterman Co. are $939000 and its liabilities are equal to one fourth of its total assets. What is the amount of Peterman Co. s stockholders equity?