THE FUNDAMENTAL ACCOUNTING EQUATION Information for TTL, Inc., is given below.

Total assets at the beginning of the year $ (a)

Total assets at the end of the year 730,000 Total liabilities at the beginning of the year 300,000 Total liabilities at the end of the year (b)

Equity at the beginning of the year 250,000 Equity at the end of the year (c)

Dividends paid during the year 35,000 Net income for the year (d)

Revenues 950,000 Expenses 825,000 Required:

Use the relationships in the balance sheet, income statement, and statement of retained earnings to determine the missing values.