John formed a corporation and had the following information reported. From these data, determine the amount...
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John formed a corporation and had the following information reported. From these data, determine the amount of: 1. Capital stock at December 31, 2021. 2. Retained earnings at December 31, 2022. 3. Revenues for the year 2022. Total assets Total liabilities Capital stock Retained earnings Revenues for 2022 Expenses for 2022 Dividends paid during 2022 December 31, 2021 $250,000 115,000 ? 95,000 December 31, 2022 $300,000 125,000 60,000 ? ? 135,500 6,500 John formed a corporation and had the following information reported. From these data, determine the amount of: 1. Capital stock at December 31, 2021. 2. Retained earnings at December 31, 2022. 3. Revenues for the year 2022. Total assets Total liabilities Capital stock Retained earnings Revenues for 2022 Expenses for 2022 Dividends paid during 2022 December 31, 2021 $250,000 115,000 ? 95,000 December 31, 2022 $300,000 125,000 60,000 ? ? 135,500 6,500
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