e latest ail is n... This Question: 5 pts 2 of 4 (1 complete) This Quiz: 20 pts possible The records of Felix Company show the following at December 31, 2024: X (Click the icon to view the data.) Read the requirements. Assets & Liabilities: Equity: Requirement 1. Compute the missing amount for Felix Company. You will need to determine Retained Beginning: Common Stock 11,000 Begin by determining total stockholders' equity. Rework the accounting equation and then solve for stock Assets $ 67,000 Dividends 3,00 Equity Liabilities 11,000 Revenues 205,000 1I Beginning Ending: Expenses Ending Assets $ 46,000 Retained Earnings, January 1, 2024 45,000 Liabilities 34,000 Identify the formula and then solve for the retained earnings balance at the end of the period. Ending retained earnings Print Done 11 11 Rearrange the formula to compute the change in retained earnings and then solve for the missing expense amount for Felix Company. (Abbreviations used: Beg. retained earnings = Beginning retained earnings; End. retained earnings = Ending retained earnings.) 11 Expenses Requirement 2. Did Felix earn a net income or suffer a net loss for the year? Compute the amount. dentify the formula and then solve for Felix's net income or loss for the period. (Use a minus sian or parentheses for a loss.) Choose from any list or enter any number in the input fields and then continue to the next question. A 3 MacBook Air + 1I -O * 00 O 89 LO delete m O