Required: Use your understanding of the relationships among the financial statement items to determine the missing...

 

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Required: Use your understanding of the relationships among the financial statement items to determine the missing values. Note: Enter all amounts as positive values. Company Financial Statement Item Stackhouse Compton Bellefleur Merlotte Equity, January 1: Common stock $43,100 $35,400 $80,000 $25,000 Retained earnings 18,800 14,300 6,900 13,900 Total equity $61,900 49,700 $86,900 $38,900 Net income (loss) $7,100 $9,700 $(4,500) Dividends declared (1,800) (800) (0) Equity, December 31: Common stock 45,000 39,000 80,000 25,000 Retained earnings 21,700 15,300 Total equity 66,700 $95,300 Total assets, December 31. 88,200 113,400 Total liabilities, December 31 $13,600 $15,700 Required: Use your understanding of the relationships among the financial statement items to determine the missing values. Note: Enter all amounts as positive values. Company Financial Statement Item Stackhouse Compton Bellefleur Merlotte Equity, January 1: Common stock $43,100 $35,400 $80,000 $25,000 Retained earnings 18,800 14,300 6,900 13,900 Total equity $61,900 49,700 $86,900 $38,900 Net income (loss) $7,100 $9,700 $(4,500) Dividends declared (1,800) (800) (0) Equity, December 31: Common stock 45,000 39,000 80,000 25,000 Retained earnings 21,700 15,300 Total equity 66,700 $95,300 Total assets, December 31. 88,200 113,400 Total liabilities, December 31 $13,600 $15,700