Below are incomplete balance sheets of ABC Corporation (figures in millions).

a. Compute the missing amounts, and show the balance sheet at year-end 1, 2, 3, and 4. Show your computations.

b. What transactions might explain the change in total assets between years 1 and 2?

c. What transactions might explain the change in retained earnings between years 2 and 3?

d. What transactions might explain the change in total liabilities plus owners’ equity between years 3 and 4?

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End-of-year for balance sheet items Year 1 Year 2 Year 3Year 4 Current assets Noncurrent assets Total assets Current liabilities Noncurrent liabilities Paid-in capital Retained eamings Earnings (loss) after ta:x Dividends S16,870 $18,732 $19,950 $19,976 29,920 48,050 13,466 15,28416,574 16,080 11,998 18,414 2,298 2,798 13,43815,844 2,014 5,048 1,5800402,234 2,480 (1,312) wners cquity Total liabilities and owners' equity 40,936 51,070