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 fromBalance SheetandIncome StatementData

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

Determine the missing amounts.

Hint: First determine the amount of increase or decrease instockholders' equityduring the year.

FreemanHeywardJonesRamirezBeginning of the year:Assets$310,000$353,400$133,300Liabilities186,000183,800101,300$168,800End of the year:Assets384,400494,800120,000348,800Liabilities167,400155,500106,600191,300During the year:Additional issuance of capital stock70,70013,30056,300Dividends21,70021,20082,500Revenue102,300153,400157,400Expenses55,80091,900164,000180,000

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