The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Colaw Corporation and Hunter Enterprises, are presented on the next page for 2014.

Colaw Corporation Hunter Enterprises Beginning of year Total assets $110,000 $150,000 Total liabilities 70,000 (d)
Total stockholders’ equity

(a) 70,000 End of year Total assets

(b) 180,000 Total liabilities 120,000 55,000 Total stockholders’ equity 60,000 (e)
Changes during year in retained earnings Dividends

(c) 5,000 Total revenues 215,000 (f )
Total expenses 165,000 80,000 Instructions Determine the missing amounts. Assume all changes in stockholders’ equity are due to changes in retained earnings.AppendixLO1