Financial statement information about four different companies is as follows.

Instructions

a. Determine the missing amounts. (Hint: For example, to solve for (a), Assets ? Liabilities = Owner?s equity = $39,000.)\

b. Prepare the owner?s equity statement for Alpha Company.

c. Write a memorandum explaining the sequence for preparing financial statements and the interrelationship of the owner?s equity statement to the income statement and balance sheet.

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Alpha Company Beta Psi Omega Company Company Company January 1, 2022 Assets $ 90,000 $ 80,000 41,000 (g) $150,000 Liabilities (d) 80,000 (j) 90,000 Owner's equity December 31, 2022 (a) 40,000 49,000 Assets (b) 60,000 112,000 170,000 (k) 100,000 151,000 Liabilities 72,000 (h) Owner's equity Owner's equity changes in year 50,000 (e) 82,000 Additional investment (c) 8,000 10,000 12,000 (i) 350,000 15,000 Drawings Total revenues 15,000 (f) 10,000 350,000 410,000 500,000 Total expenses 333,000 385,000 (1)