Question: (a) Determine the missing amounts. ( Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $30,000.) Wildhorse Company Blossom Company Crane

(a)

Determine the missing amounts. (Hint: For example, to solve for (a), Assets Liabilities = Owners equity = $30,000.)

Wildhorse Company

Blossom Company

Crane Company

Cullumber Company

January 1, 2022

Assets

$80,000 $91,000 $enter a dollar amount (g) $151,000

Liabilities

50,000 enter a dollar amount (d) 81,000 enter a dollar amount (j)

Owners equity

enter a dollar amount (a) 39,000 50,000 92,000

December 31, 2022

Assets

enter a dollar amount (b) 115,000 183,000 enter a dollar amount (k)

Liabilities

59,000 74,000 enter a dollar amount (h) 107,000

Owners equity

49,000 enter a dollar amount (e) 85,000 155,000

Owners equity changes in year

Additional investment

enter a dollar amount (c) 6,000 11,400 11,000

Drawings

15,000 enter a dollar amount (f) 12,300 10,000

Total revenues

348,000 416,000 enter a dollar amount (i) 495,000

Total expenses

324,000 383,000 346,000 enter a dollar amount

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