The following selected data are for Alexei Imports for its first three years of operations.

Instructions
Determine the missing amounts.

Taking It Further

What information does the owner of a company need in order to decide whether they need to invest additional cash in the business?

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January 1: Total assets Total liabilities Total owner's equity December 31: Total assets Total liabilities Total owner's equity Changes during year in owner's equity: Investments by owner during the year Drawings by owner during the year Profit or loss for the year Total revenues for the year Total expenses for the year 2022 (a) 0 60,000 75,000 (b) 45,000 5,000 0 (c) (d) 120,000 2023 $75,000 (e) (f) 45,000 (h) (i) 10,000 35,000 (j) 95,000 2024 $127,000 (k) (1) 170,000 (m) 100,000 30,000 160,000 (0)