Question: Your answer is partially correct. The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Blossom Corporation and

Your answer is partially correct. The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Blossom Corporation and Crane Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Blossom Corporation Crane Enterprises Beginning of year Total assets $115,000 $145,000 Total liabilities 90,000 (d) 70000 Total stockholders' equity (a) 25000 75,000 End of year Total assets (b) 212000 220,000 Total liabilities 122,000 72,000 Total stockholders' equity 90,000 (e) 148000 Changes during year in retained earnings Dividends (c) 4.900 Total revenues 239,000 (f) Total expenses 177,000 80,000 e Textbook and Media Assistance Used Save for Later Last saved 1 minute ago. Attempts: 3 of 5 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Your answer is partially correct. The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Blossom Corporation and Crane Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Blossom Corporation Crane Enterprises Beginning of year Total assets $115,000 $145,000 Total liabilities 90,000 (d) 70000 Total stockholders' equity (a) 25000 75,000 End of year Total assets (b) 212000 220,000 Total liabilities 122,000 72,000 Total stockholders' equity 90,000 (e) 148000 Changes during year in retained earnings Dividends (c) 4.900 Total revenues 239,000 (f) Total expenses 177,000 80,000 e Textbook and Media Assistance Used Save for Later Last saved 1 minute ago. Attempts: 3 of 5 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes
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