Question: Requirement 1. Compute the missing amount (?) for each d Ruby Corp. Data table Beginning Ruby Corp. Loomis Co. Branch, Inc. Assets 83 Liabilities 48

Requirement 1. Compute the missing amount (?) for each d Ruby Corp. Data table Beginning Ruby Corp. Loomis Co. Branch, Inc. Assets 83 Liabilities 48 Beginning Assets 83 $ 35 Common stock 1 Liabilities 48 19 Retained earnings Common stock 5 Retained earnings ? 11 Ending Assets Liabilities Ending 50 S 53 $ 50 30 2333 25 Common stock Help me solve this Demodocs example Assets Liabilities Common stock 40 Retained earnings Income Statement Revenues Expenses Net income 69 Statement of retained earnings Beginning RE + Net income Dividends declared Ending RE 222 ? $ 36 212 156 ? ? ? ? $ 34 $ ? 120 11 $ 17 20 6 (4) (14) (5) 99 $ 40 $ 17 $ 18 Income statement Revenues Expenses Net income $ 222 212 Statement of retained earnings Beginning RE $ 34 + Net income Dividends (4) $ 40 Ending RE

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