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5) Fill in the blanks (no dollar signs or decimals) (16 marks) Balance Sheet Ex. 1 Total Assets Ex. 2 Ex. 3 Ex. 4

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5) Fill in the blanks (no dollar signs or decimals) (16 marks) Balance Sheet Ex. 1 Total Assets Ex. 2 Ex. 3 Ex. 4 7,500 5,500 12,500 Total Liabilities 7,000 8,500 Equity: Retained Earnings -4,000 -500 Current Earnings 9,000 Total Liabilities 4,000 7,500 5,500 12,500 and Equity Income Statement Total Revenue 50,000 175,000 100,000 60,000 Total Expense 49,000 181,000 98,000 60,500 Surplus/Deficit

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