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 he or she is able to withdraw cash from the business?

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January 1: 2015 2016 2017 Total assets Total liabilities Total owner's equity 40,000 S() 50,000 75,000 December 31: Total assets Total liabilities Total owners equity 140,000 97,000 172,000 (g65,000 50,000 Changes during year in owners equity: 7,000 15,000 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 (h)36,000 40,000 (0)157,000 95,000 126,000