Question: 8. Compute the missing amounts in the table below: Year 1 Year 2 Total assets $62,500 (a) Common stock (b) $12,400 Retained earnings $4,200 $9,400

8. Compute the missing amounts in the table below:

Year 1

Year 2

Total assets

$62,500

(a)

Common stock

(b)

$12,400

Retained earnings

$4,200

$9,400

Total liabilities

$31,300

$18,000

Total liabilities and stockholders equity

$62,500

$39,800

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