Question: Case 1 Case 2 Case 3 Case 4 Total assets, end of period $40,000 ? $75,000 $50,000 Total liabilities, end of period ? 15,000 25,000

Case 1 Case 2 Case 3 Case 4
Total assets, end of period $40,000 ? $75,000 $50,000
Total liabilities, end of period ? 15,000 25,000 10,000
Capital stock, end of period 10,000 5,000 20,000 15,000
Retained earnings, beginning of pd. 15,000 8,000 10,000 20,000
Net income for the period 8,000 7,000 ? 9,000
Dividends for the period 2,000 1,000 3,000 ?

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