Decision Case F:1-1 Let's examine a case using Greg's Tunes and Sal's Silly Songs. It is now the end of the first year of operations, and the stockholders want to know how well each business came out at the end of the year. Neither business kept complete accounting records, and no dividends were paid. The businesses throw together the data shown below at year-end: Sal's Silly Songs: Total Assets Common Stock Total Revenues Total Expenses Greg's Tunes: Total Liabilities Common Stock Total Expenses Net Income $ 23,000 8,000 35,000 22,000 $ 10,000 6,000 44,000 9,000