A firm had fixed assets of $10,000 at the beginning of the year and $12,000 at the

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A firm had fixed assets of $10,000 at the beginning of the year and $12,000 at the end of the year. You also know that the firm sold $5,000 in fixed assets over the year. How much in fixed assets must they have purchased?

A firm has beginning total equity of $1 million and ending equity of $1.5 million for a year. The firm issued $200,000 in new stock and repurchased $50,000 of old stock. What must be the additions to retained earnings for the year?