P1-56A. (Learning Objectives 3, 4: Using the accounting equation; evaluating business operations) Compute the missing amount (?) for each company, amounts in millions.

At the end of the year, which company has the:
■ Highest net income?
■ Highest percentage of net income to revenues?

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Beginning Assets. Liabilities Share capital... Retained eamings. Gilbert Corp. Mandy Co. Gurbir Inc. $ 80 43 $ 40 $ ? 25 1 9 ? 12 32 25 2 5 Ending Assets..... $ 2 $ 42 $ 8 Liabilities... 48 24 ? Share capital......... 3 ? 1 Retained eamings. 33 2 2 Income Statement Revenues. Expenses.. $218 $ 12 210 152 2 ? ? TM 2 $? Net income... Retained Earnings Beginning retained earnings $ 28 $ 12 $ 5 + Net income.... 2 9 4 -Dividends. (3) (5) (2) -Ending retained earnings..... 33 $ 22 $ 7