Financial statement information about four different companies is as follows.

                        Instructions
(a) Determine the missing amounts. For example, to solve for (a), Assets — Liabilities = Owner’s equity $32,000.
(b) Prepare the owner’s equity statement for Farrell Company.
(e) Write a memorandum explaining the sequence for preparing financial statements and the interrelationship of the owner’s equity statement to the income statement and balance sheet.