Question: answer in 15 min for thumbs up. help me complete the blanks, then tell me which company has the highest net income and which compant
Ruby Corp. Lawrence Co. Bryan, Inc. Beginning Assets $ 79 $ 35 20 Liabilities 45 17 2 Common stock 2 4 8 Retained earnings 32 14 10 Ending Assets 89 $ 53 $ 23 Liabilities 47 27 2 10 Common stock Retained earnings 40 Income statement Revenues 229 176 $ 38 Expenses 211 152 31 Net income 18 24 7 Statement of retained earnings Beginning RE $ + Net income 32 s 14 $ 10 18 7 24 (21) - Dividends (10) (5) 40 $ 17 $ 12 = Ending RE Requirement 2. At the end of the year, which company has the Highest net income
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