Missing Amounts from Balance Sheet and Income Statement Data One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations.
Determine the amount of the missing items. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.)
Freeman Heyward Jones Ramirez
Beginning of the year:
Assets $285,300 $330,900 $131,200 251,000
Liabilities 171,200 172,100 99,700 $156,600
End of the year:
Assets 353,800 463,300 118,100 323,700
Liabilities 154,100 145,600 105,000 177,500
During the year:
Additional issuance of capital stock 135,000 66,200 13,100 52,200
Dividends 20,000 19,900 16,500 76,600
Revenue 94,200 235,000 150,900 146,200
Expenses 51,400 86,000 161,400 167,100