Question: E1-8 Inferring Values Using the Income Statement and Balance Sheet Equations [LO1-2] Review the chapter explaniations of the income statement and the balance sheet equations.

E1-8 Inferring Values Using the Income Statement and Balance Sheet Equations [LO1-2] Review the chapter explaniations of the income statement and the balance sheet equations. Apply these equations in each of the foliowing independent cases to compute the two mussing amounts for each case. Assume that it is the end of the first full year of operations for the company. TIP. First identify the numerical relationships among the columns using the balance sheet and income statement equations Then compute the missing amounts. (Losses should be indicoted by o minus sign.)

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