The following selected data are for Perron Importers Limited 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 order to decide whether he or she is able to withdraw cash from the business?

Transcribed Image Text:

2013 2014 2015 S 40,000 s (f) Total liabilities Total owner's equity 50,000 Total assets Total liabilities Total owner's equity 75,000 140,000 97,000 172,000 65,000 50,000 Changes during year in owner's equity Investments by owner during the year Drawings by owner during the year Profit or loss for the year Total revenues for the year Total expenses for the y 7,000 15,000 36,000 40,000 (i) 57,000 126,000 132,000 95,000