The Accounting Equation For each of the following cases, fi ll in the blank with the appropriate dollar amount.

Case 1 Case 2 Case 3 Case 4 Total assets, end of period $40,000 $ $75,000 $50,000 Total liabilities, end of period 00000 15,000 25,000 10,000 Capital stock, end of period 10,000 5,000 20,000 15,000 Retained earnings, beginning of period 15,000 8,000 10,000 20,000 Net income for the period 8,000 7,000 0 00000 9,000 Dividends for the period 2,000 1,000 3,000 0 00000 AppendixLO1