Question: Missing Amounts from Balance Sheet and Income Statement Data One item is omitted from each of the following summaries of balance sheet and income statement

Missing Amounts from Balance Sheet and Income Statement Data

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

Determine the amounts of the missing items. (Suggestion: First determine the amount of increase or decrease in stockholders' equity during the year.)

Carbon Krypton Fluorine Radium
Beginning of the year:
Assets $333,000 $250,000 $100,000 ?
Liabilities 118,000 130,000 76,000 120,000
End of the year:
Assets 495,000 350,000 90,000 248,000
Liabilities 160,000 110,000 80,000 136,000
During the year:
Additional issuance of capital stock ? 50,000 10,000 40,000
Dividends 7,500 16,000 ? 60,000
Revenue 90,000 ? 115,000 112,000
Expenses 39,000 64,000 122,500

128,000

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