Question: Your answer is partially correct. Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships

Your answer is partially correct. Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2022, Pina's Goods and Sheridan Enterprises. Determine the missing amounts. Pina's Sheridan Goods Enterprises Beginning of year: Total assets $110,924 $130,084 Total liabilities 85,714 to 49412 (c) Total owner's equity $ 25210 (a ) 80,672 End of year: Total assets 161,344 181,512 Total liabilities 121,008 50,420 Total owner's equity 40,336 131,092 Changes during year in owner's equity: Additional investment $ (b) 25,210 Drawings 37,311 (d) Total revenues 221,848 100,840 Total expenses 176,470 60,504

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