Question: Missing amounts from balance sheet and income statement data One item is omitted in each of the following summaries of balance sheet and income statement

Missing amounts from balance sheet and income statement data

One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations:

Determine the missing amounts.

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

Line Item Description Freeman Heyward Jones Ramirez
Beginning of the year:
Assets $305,700 $351,600 $137,600 fill in the blank 1
Liabilities 183,400 182,800 104,600 $167,900
End of the year:
Assets 379,100 492,200 123,800 346,900
Liabilities 165,100 154,700 110,100 190,200
During the year:
Additional common stock issued fill in the blank 2 70,300 13,800 56,000
Dividends 21,400 21,100 fill in the blank 3 82,100
Revenue 100,800 fill in the blank 4 158,100 156,700
Expenses 55,000 91,400 169,200 179,000

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