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3. Calculate missing information using knowledge of the accounting equation: Below is some selected information from the financial statements of Schrute Farms (amounts are in
3. Calculate missing information using knowledge of the accounting equation: Below is some selected information from the financial statements of Schrute Farms (amounts are in millions). Calculate the missing amount for total assets as of 12/31/20. You must show all of your work to receive full credit. Balance as of December 31,2019: Total Assets Total Liabilities $84,910 $60,050 Balance as of December 31, 2020: Total Assets $???? Total Liabilities $65,735 Summary of events occurring during the year 2020: (OVER =>) ACCY 201 - Friday Discussion (FD) Homework #1 - 10 points Spring2021 Deadline: you must submit this assignment electronically via Connect using the submission link I have provided in the module by 11:59pm, Sunday 1/31. Make sure your name, your TA's name, and your discussion section time are clearly indicated on your submission to ensure you receive credit. Common Stock issuances Net Income (loss) Dividends $0 $2,008 $35
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