Financial statement information about four different companies is as follows.

Instructions(a) Determine the missing amounts. (b) Prepare the owner??s equity statement for Yates Company.(c) Write a memorandum explaining the sequence for preparing financial statements and the interrelationship of the owner??s equity statement to the income statement and balancesheet.

Karma Yates McCain Dench Company Company Company Company January 1, 2010 Assets $95,000 $110,000 (d) 60,000 (g) 75,000 $170,000 () 90,000 Liabilities 50,000 (a) Owner's equity December 31, 2010 45,000 137,000 (b) 55,000 60,000 200,000 (h) (k) 80,000 170,000 Assets Liabilities 75,000 Owner's equity Owner's equity changes in year 130,000 (e) (c) 25,000 Additional investment 15,000 10,000 15,000 14,000 (i) 342,000 Drawings (f) 20,000 Total revenues 350,000 320,000 420,000 520,000 Total expenses 385,000 (1)