Information for Beethoven Music Company is given below.

Total assets at the beginning of the year ........$150,000

Total assets at the end of the year ........... (a)

Total liabilities at the beginning of the year ........ 90,000

Total liabilities at the end of the year .......... 130,000

Equity at the beginning of the year ........... $ (b)

Equity at the end of the year .............. 102,000

Dividends paid during the year ............. (c)

Net income for the year ................ 80,000

Revenues .................... 550,000

Expenses ...................................... (d)

Required:

Use the relationships in the balance sheet, income statement, and statement of retained earnings to determine the missing values.