Hint: First determine the amount of increase or decrease in stockholders' equity during the year.

Freeman

Heyward

Jones

Ramirez

Beginning of the year:

Assets

$$283,200$

$$320,000$

$$124,600$

$228,700$

Liabilities

$169,900$

$166,400$

$94,700$

$$159,300$

End of the year:

Assets

$351,200$

$448,000$

$112,100$

$329,200$

Liabilities

$152,900$

$140,800$

$99,700$

$180,500$

During the year:

Additional common stock issued $x$

Dividends

$19,800$

Incorrect

Revenue

$93,500$

Expenses

$51,000$

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Freeman: First, determine the change in stockholders' equity from the beginning to the end of the year.

Heyward: Rearrange the following equation using the information available: Beginning Stockholders' Equity $+$ Investments $-$ Dividends $+$ Revenue $-$ Expens

Jones: Rearrange the following equation using the information available: Beginning Stockholders' Equity $+$ Investments $-$ Dividends $+$ Revenue $-$ Expenses $=$

Ramirez First determine the stockholders' equity at year end.