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 Determine the missing amounts. Hint: First determine the amount of increase or decrease in stockholders' equity during the year. Freeman Heyward Jones Beginning of the year: Assets $900,000 $490,000 $115,0 Liabilities 360,000 260,000 81,00 End of the year:
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- The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows: Includes both state and federal taxes. Brief Exercise 15-20 Calculating the Average Common Stockholders Equity and the Return on Stockholders Equity Refer to the information for Somerville Company on the previous pages. Required: Note: Round answers to four decimal places. 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.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 missing amounts. Hint: First determine the amount of increase or decrease in stockholders' equity during the year. Freeman Heyward Jones Ramirez Beginning of the year: Assets $475,600 $537,400 $214,000 Liabilities 285,400 279,400 162,600 $267,500 End of the year: Assets 589,700 752,400 192,600 552,900 Llabilities 256,800 236,500 171,200 303,200 During the year: Additional issuance of capital stock 107,500 21,400 89,200 Dividends 33.300 32,200 130,800 Revenue 157,000 246,000 249,700 85,600 139,700 263,200 285,400 ExpensesMissing 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 missing amounts. Hint: First determine the amount of increase or decrease in stockholders' equity during the year. Heyward Beginning of the year: Assets Liabilities End of the year: Assets Liabilities During the year: Additional issuance of capital stock Dividends Revenue Expenses Freeman $204,900 122,900 254,100 110,600 14,300 67,600 36,900 $239,700 124,600 335,600 105,500 47,900 14,400 62,300 Jones $90,200 68,600 81,200 72,200 9,000 103,700 110,900 Ramirez $112,500 232,500 127,500 37,500 55,000 105,000 120,000
- Missing amounts from balance sheet and income statement data One item is omitted im each of the following summaries of balance sheet and income statement data for the following four different corporations: Detremine the missing amounts, identifying them by letter.( Hint:first determine the amount of increase or decrease in stockholder's equity during the year.)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 four different corporations, AL, CO, KS, and MT. Enter the missing amounts. Beginning of the year: Assets Liabilities End of the year: Assets Liabilities During the year: Additional issue of capital stock Dividends Revenue Expenses Feedback AL $327,800 196,700 406,500 177,000 72,100 ✔ 22,900 108.200 59,000 CO $377,000 196,000 527,800 165,900 75,400 22,600 252,700 X 98,000 KS $137,700 110,200 151,500 110,200 13,800 159,700 169,400 MT 181,400 375,000 205,600 60,500 88,700 169,300 193,500 ✓ Check My Work Recall that the accounting equation can be rearranged to calculate the missing amounts. Stockholders' equity increases with additional stock issues and also when the retained earnings balance increases through net income and gains. Stockholders' equity decreases when dividends are declared and paid and also when the retained…Missing Amounts from Balance Sheet and Income Statement Data One item is omitted from each of the following summaries of balance sheet and income statement data for the following four different corporations. Ente the missing amounts. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.) Enter negative values as negative numbers. Beginning of the year: Assets Liabilities End of the year: Assets Liabilities During the year: Additional issuance of common stock Dividends Revenue Expenses Carbon $491,000 294,600 608,800 265,100 34,400 162,100 88,400 Krypton $559,700 291,000 783,600 246,300 111,900 33,600 145,500 Fluorine $225,900 171,700 203,300 180,700 22,600 259,800 277,900 Radium $269,600 557,100 305,500 89,900 131,800 251,600 287,500
- 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 corporam Determine the missing amounts. Hint: First determine the amount of increase or decrease in stockholders' equity during the year. Heyward Jones Beginning of the year: Assets * Liabilities End of the year: Assets . Liabilities During the year: Additional common stock issued Dividends Revenue Expenses Freeman $382,100 229,300 473,800 206,300 26,700 126,100 68,800 $431,800 224,500 604,500 190,000 86,400 25,900 Print Item 112,300 $179,600 136,500 161,600 143,700 18,000 206,400 220,900 Ramirez $214,900 444,200 243,600 71,600 105,100 200,600 229,200Two items are omitted from each of the following summaries of balance sheet and income statement data for two corporations for the year 2022, Cullumber Company and Ayayai Enterprises. Determine the missing amounts. Beginning of year: Total assets Total liabilities Total stockholders' equity End of year Total assets Total liabilities Total stockholders' equity Changes during year in stockholders' equity: Additional investment Dividends Total revenues Total expenses Cullumber Company $98,940 86,700 163,200 122,400 40,800 24.480 219,300 178.500 C (b) Ayayai Enterprises $131,580 76,500 183,600 $1,000 132,600 25,500 102,000 56,100 (c) (d)One item is omitted in each of the following summaries of balance sheet and income statement data for four different corporations, AL, CO, KS, and MT. Enter the missing amounts. Beginning of the year: Assets Liabilities End of the year: Assets Liabilities During the year: Additional issue of capital stock Dividends Revenue Expenses AL $308,100 184,900 382,000 166,400 21,600 101,700 55,500 CO $354,300 184,200 496,000 155,900 70,900 21,300 92,100 KS $144,800 115,800 159,300 115,800 14,500 168,000 178,100 MT 169,200 349,600 191,700 56,400 82,700 157,900 180,400
- The balance sheet for Zachary Corporation follows: Current assets. Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 234,000 770,000 $ 1,004,000 $ 141,000 456,000 597,000 407,000 $ 1,004,000I need amounts for total current assets, total assets, retained earning, dec 31, year 1, and tiotal stockholders equity:Gross profit $1,554,000Total selling expenses $885,000Total administrative expenses $267,500Total operating expenses $1,152,500Income from operations $401,500Net other expenses and income $68,000Income tax $140,500Net income $329,000Earnings per common share (rounded to the nearest cent) $2.29Retained earnings, January 1, Year 1 $9,319,725Total current assets $Investment in Dream Inc. bonds $90,000Total property, plant, and equipment $11,174,000Total assets $Total current liabilities $238,300Net long-term liabilities $519,000Total liabilities $757,300Total paid-in capital preferred 5% stock $1,750,000Total paid-in capital common stock, $20 par $2,886,800Total paid-in capital $4,649,800Retained earnings, December 31, Year 1 $Total stockholders' equityUse the information provided to answer the questions that follows below: Extract of Statement of Changes in Equity for the year ended 31 December 2020 Retained earnings R Balance on 01 January 2020 1500 000 Profit after tax 480 000 Dividends paid and proposed in 2020 (180 000) Balance on 31 December 2020 1 800 000 INFORMATION The information provided below was extracted from the accounting records of Harmony Limited on 31 December 2020: Harmony Limited Extract of Statement of Comprehensive Income for the year ended 31 December 2020 Sales 6 600 000 Cost of sales (3 900 000) Gross profit 2 700 000 Operating expenses (1710 000) Selling and administrative expenses 1 260 000 Depreciation 450 000 Operating profit 990 000 Interest expense (270 000) Profit before tax 720 000 Company tax (240 000) Profit after tax 480 000