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Group A P1-62A. (Learning Objectives 3, 4: Apply the accounting equation; evaluate business operations) Compute the missing amount (?) for each company. (Amounts are in millions.) LO 3,4 Kennedy Corp. Caring Co. Childress, Inc. Beginning Assets Liabilities Common stock. Retained earnings. $76 51 7 ? $ 30 21 7 2 S? 1 6 10 Ending Assets Liabilities Common stock Retained earnings. $ ? 53 7 26 $ 48 32 ? ? $20 ? 8 ? Income statement Revenues. Expenses Net income.. $227 218 ? ? 157 ? $22 ? ? Statement of retained earnings Beginning RE + Net income... - Dividends declared. = Ending RE.. $ 18 ? (1) $ 26 $ 2 8 (6) $ 4 $10 4 (2) $12 At the end of the year, which company had the highest net income? highest percent of net income to revenues