Missing amounts from balance sheet and income statement data Obj. 5 One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations:

Freeman Heyward Jones Ramirez Beginning of the year:

Assets $ 900,000 $490,000 $115,000 (d)

Liabilities 360,000 260,000 81,000 $120,000 End of the year:

Assets 1,260,000 675,000 100,000 270,000 Liabilities 330,000 220,000 80,000 136,000 During the year:

Additional common stock issued

(a) 150,000 10,000 55,000 Dividends 75,000 32,000

(c) 39,000 Revenue 570,000

(b) 115,000 115,000 Expenses 240,000 128,000 122,500 128,000 Determine the missing amounts, identifying them by letter. (Hint: First determine the amount of increase or decrease in stockholders’ equity during the year.)

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