Question: begin{tabular}{lrlr} hline Assets & Liabilities: & & Equity: & hline Beginning: & & Common Stock & $15,000 Assets & $73,000 & Dividends &

 \begin{tabular}{lrlr} \hline Assets \& Liabilities: & & Equity: & \\ \hline
Beginning: & & Common Stock & $15,000 \\ Assets & $73,000 &
Dividends & 4,000 \\ Liabilities & 43,000 & Revenues & 238,000 \\

\begin{tabular}{lrlr} \hline Assets \& Liabilities: & & Equity: & \\ \hline Beginning: & & Common Stock & $15,000 \\ Assets & $73,000 & Dividends & 4,000 \\ Liabilities & 43,000 & Revenues & 238,000 \\ Ending: & & Expenses \\ & Retained Earnings, January 1, & \\ Assets & $94,000 & 2018 & 15,000 \\ Liabilities & 39,000 & & \\ \hline \end{tabular} The records of Potvin Company show the following at December 31, 2018: (Click the icon to view the dala) Read the requirements. Requirement 1. Compute the missing amount for Potvin Company. You will need to determine Retained Earnings, December 31,2018, and total stockholders' equity, December 31,2018 . Begin by determining total stockholders' equity. Rework the accounting equation and then solve for stockholders' equity ("equity") at the beginning and end of the period Identify the formula and then solve for the retained earnings balance at the end of thi period Rearrange the formula to compute the change in retained earnings and then solve for the missing expense amount for Potvin Company. (Abbreviations used. Beg retained earnings = Beginning retained eamings; End. retained eamings = Ending retained earnings.) Requirement 2. Did Potvin earn a net income or suffer a net loss for the year? Compute the amount Identify the formula and then solve for Leahy's net income or loss for the period. (Use a minus sign or parentheses for a loss) Requirements 1. Compute the missing amount for Potvin Company. You will need to determine Retained Earnings, December 31,2018, and total stockholders' equity, December 31,2018. 2. Did Potvin earn a net income or suffer a net loss for the year? Compute the amount

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