The following information is provided in the 2021 annual report to shareholders of paris-perfume.com: Required: Compute the missing amount in the paris-perfume.com financial statement Information. (Do not round your Intermediate calculations.) Accounts receivable Inventory Other assets Total assets Total liabilities December 31, 2021 million 72 million $ December 31, 2020 75 million 32 million 172 million 279 million 75 million S S million S million million 32 $ $

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is