Question: Requirement 1. Compute the missing amount (?) for each company. (Am Pearl Corp. Lowell Co. $ 40 Beginning Assets Liabilities Common stock Retained earnings 77

Requirement 1. Compute the missing amount (?) for each company. (Am

Requirement 1. Compute the missing amount (?) for each company. (Am Pearl Corp. Lowell Co. $ 40 Beginning Assets Liabilities Common stock Retained earnings 77 $ 45 17 2 6 30 17 83 $ 58 Ending Assets Liabilities Common stock Retained earnings 46 27 2 35 Income statement Revenues $ 221 209 162 Expenses Net income 12 30 $ 17 Statement of retained earnings Beginning RE . $ + Net income - Dividends 12 22 (7) (21) 35 $ 18 Ending RE

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