Financial statement information about four different companies is as follows:

Instructions:

(a) Determine the missing amounts.

(b) Prepare the retained earnings statement for Yates Company. Assume beginning retained earnings was $20,000. (Enter all amounts as positive amounts and subtract where necessary.)

Transcribed Image Text:

Jan 01, 08 Karma Company Yates Company McCain Company Dench Company Assets Liabilities Stockholder Dec 31, 08 Assets Liabilities Stockholder Stockholders' equity changes in Add'1 investr Dividends Total Total expens 95,000 50,000 110,000 170,000 75,000 45.000 60.000 90.000 137,000 75.000 200,000 55.000 60.000 80,000 170,000 130.000 year. 15,000 25.000 350,000 320,000 0.000 14.000 15.000 20,000 520,000 420.000 385,000 revenu 342,000