A Requirements Data Table Assets & Liabilities: Equity: 1. Compute the missing amount for Fugazy Company. You will need to determine Retained Earnings, December 31,2018, and total stockholders' equity, December 31, 2018. 2. Did Fugazy earn net income or suffer a net loss for the year? Compute the amount Beginning: Common Stock $ Assets $ 68,000 Dividends Liabilities 43,000 Revenues Ending: Print Done Expenses Retained Earnings, January 1, $ 66,000 2018 Assets Liabilities 39,000 = Ending retained earnings Print Done compute the change in retained earnings and then solve for the missing expense amoy The records of Fugazy Company show the following at December 31, 2018: F: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute the missing amount for Fugazy Company. You will need determine Retained Earnings, December 31, 2018, and total stockholders' equity, December 31,2018. Begin by determining total stockholders' equity. Rework the accounting equation and then solve for stockholders' equity ("equity") at the beginning and end of the period. Assets Liabilities Equity 68000 43000 Beginning Ending 66000 39000 = Identify the formula and then solve for the retained earnings balance at the end of the period. Ending retained earnings Identify the formula and then solve for the retained earnings balance at the end of the period. = Ending retained earnings Rearrange the formula to compute the change in retained earnings and then solve for the missing expense amount for Fugazy Company. (Abbreviations used: Beg. retained earnings = Beginning retained earnings; End. retained earnings = Ending retained earnings.) Expenses Rearrange the formula to compute the change in retained earnings and then solve for the missing expense amount for Fugazy Company. (Abbreviations used: Beg. retained earnings = Beginning retained earnings; End retained earnings = Ending retained earnings.) Expenses Docuirement Did to tho amount Rearrange the formula to compute the change in retained earnings and then solve for the missing expense amount for Fugazy Company. (Abbreviations used: Beg. retained earnings = Beginning retained earnings; End retained earnings = Ending retained earnings.) Expenses Docuirement Did to tho amount Requirement 2. Did Fugazy earn a net income or suffer a net loss for the year? Compute the amount. Identify the formula and then solve for Fugazy's net income or loss for the period. (Use a minus sign or parentheses for a loss.) Net income (loss)