The following selected data are for Carducci Importers for its first three years of operations:

Instructions
Determine the missing amounts.

Taking It Further

What information does the owner of a company need in order to decide whether they are able to withdraw cash from the business?

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January 1: Total assets Total liabilities Total owner's equity December 31: Total assets Total liabilities Total owner's equity Changes during year in owner's equity: Investments by owner during the year Drawings by owner during the year Profit or loss for the year Total revenues for the year Total expenses for the year 2022 $ 40,000 0 (a) (b) 50,000 (c) 7,000 15,000 (d) 132,000 (e) 2023 $ (f) 50,000 75,000 140,000 97,000 0 (h) 40,000 (i) 95,000 $ 2024 (j) (k) (1) 172,000 65,000 (m) (n) 36,000 (0) 157,000 126,000