The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Colaw Corporation and Hunter Enterprises, are presented below for 2014.
Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings.
|
|
Colaw Corporation |
|
|
Hunter Enterprises |
|
| Beginning of year |
|
|
|
|
|
|
| Total assets |
|
$119,300
|
|
|
$150,720
|
|
| Total liabilities |
|
73,620
|
|
|
$ |
(d) |
| Total stockholders' equity |
|
$ |
(a) |
|
71,730
|
|
| End of year |
|
|
|
|
|
|
| Total assets |
|
$ |
(b) |
|
171,270
|
|
| Total liabilities |
|
115,760
|
|
|
54,950
|
|
| Total stockholders' equity |
|
53,080
|
|
|
$ |
(e) |
| Changes during year in retained earnings |
|
|
|
|
|
|
| Dividends |
|
$ |
(c) |
|
5,990
|
|
| Total revenues |
|
218,400
|
|
|
$ |
(f) |
| Total expenses |
|
167,400
|
|
|
84,690
|