The following selected data are for Alexei Imports for its first three years of operations.

Instructions
Determine the missing amounts.
TAKING IT FURTHER
What information does the owner of a company need in she needs to invest additional cash in the business?

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January 1 2015 2016 2017 Total assets Total liabilities Total owner's equity (a) $75,000 $127,000 60,000 75,000 45,000 5,000 December 31: Total assets Total liabilities Total owner's equity 170,000 (b)45,000 100,000 Changes during year in owner's equity: Investments by owner during the year Drawings by owner during the year Profit or loss for the Total revenues for the year Total expenses for the 10,000 35,000 30,000 160,000 year 120,000 95,000