If total liabilities are 1,000 and total assets are 8000 owner's e q u i t y must be

Total equity is equal to assets - liabilities.

Therefore,

8000 - 1000 = 7000

The owner's equity is $7,000.

Logical equivalent of the give question is its contrapositive

1200 inches = 30 yards12 inches= 1 foot3 feet= 1 yard3feet= 36 inchesyou can set up a proportion then use inverse operations that looks sorry it looks so sloppy lol