One item is omitted in each of the following summaries of balance sheet and income statement data for four different corporations, I, II, III, and IV.
|
Beginning of the year: |
1 |
2 |
3 |
4 |
|
Assets |
$600,000 |
$125,000 |
$100,000 |
(d) |
|
Liabilities |
360,000 |
65,000 |
76,000 |
$150,000 |
|
End of the year: |
|
|||
|
Assets |
745,000 |
175,000 |
90,000 |
310,000 |
|
Liabilities |
325,000 |
55,000 |
80,000 |
170,000 |
|
During the year: |
|
|||
|
Additional issue of capital stock |
(a) |
25,000 |
10,000 |
50,000 |
|
Dividends |
40,000 |
8,000 |
(c) |
75,000 |
|
Revenue |
197,750 |
(b) |
115,000 |
140,000 |
|
Expenses |
108,000 |
32,000 |
122,500 |
160,000 |
Determine the missing amounts, identifying them by letter. (Hint: First determine the amount of increase or decrease in stockholders’ equity during the year.)