Question: Inferring Values Using the Income Statement and Balance Sheet Equations Review the chapter explanations of the income statement and the balance sheet equations. Apply these

Inferring Values Using the Income Statement and Equations
Review the chapter explanations of the income statement and the equations. Apply these equations in each independent case to compute the two missing amounts for each case. Assume that it is the end of 2012, the first full year of operations for thecompany.

Independent Total Net Income Total Assets Total Stockholders' Equity Total Cases Revenues Expenses (Loss) Liabilities A. $91,700 $76,940 $140,200 $69,000 79,010 14,740 B 74,240 107,880 69,260 58,680 69,850 76,430 97,850 21,770 17,890 78,680 79,580 25,520 84,840 78,720

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