P1-62A. (Learning Objectives 3, 4: Apply the accounting equation; evaluate business operations) Compute the missing amount (?) for each company. (Amounts are in millions.) Kennedy Corp. Caring Co. Childress, Inc. Beginning Liabilities Common stock.. $76 51 7 $ 30 21 7 Ending $ 48 32 Assets $20 53 26 Income statement $22 $227 218 Expenses 157 Statement of retained earnings $10 4 Beginning RE. S 18 = Ending RE.. S 26 $12 At the end of the year, which company had the highest net income? - highest percent of net income to revenues