Chevelle, Inc., is obligated to pay its creditors $9,350 during the year.

a. What is the value of the shareholders’ equity if assets equal $11,200? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Enter a "0" if necessary.)

Shareholders’ equity            $

b. What is the value of the shareholders’ equity if assets equal $8,800? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Enter a "0" if necessary.)

Shareholders’ equity            $