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Revenues: jan. Gains: Feb. Losses: Mar. Expenses: Feb Gains: jan. Revenues: Mar. Losses: Feb. Expenses: Mar. Losses: Jan. Revenues: Feb. Expenses: Jan Gains: Mar. $36,425 2,820 8.695 50,807 0 53.580 3.760 58.985 0 88,243 48.786 13,160 A Calcune income for B. Calculate net income ornettor February accurate net income ornet loss tor Much D. For each station comment on how the might view the fute performance in think about sure of the come or low) PB2. LO 2.1 Each bi bilo to an independent company's Owners Equity + Co.1 Co.2 Co.3 Beginning Balance $163,800 63,180 0 Net Income $16,500 0 0 Net Loss $ 0 12,000 ? + Investments 7 $ 0 150,000 Ending Distributions - Balance $ 1,750 $254,150 51,180 ? 0 101,400 A Calculate the missing B. Based on your calculation, make observations wbout each company PB3. LO 2.1 The following information is from a new business Comment on the year 10-year changes in the accounts and possible sources and unes funds how were the funds obtained and used End of Year 1 End of Year 2 End of Year 3 Assets $137,000 148,000 168,000 Liabilities $62,000 57.000 80,000 Owner's Equity $75,000 91,000 88,000 PB4. LO 21 Each of the following situation relates to a differs company 1 UN Revenues Expenses Gains Losses Net Income or (Loss) Company A ? $455,490 0 32,760 32,130 Company B $1,480,500 1,518,300 ? 0 39,690 Company C $103,950 78,120 4,725 5,670 Company D $1,054,116 ? 8,505 39,312 (58,275) A For each of these independent situations, find the missing amounts. How would stakeholders view the financial performance of each company? Explain. PES. LO 2.2 For each of the following independent transactions, indicate whether there was an increase, decrease or no monet on each financial statement element nues: Mar. 0 42 Rn saction Assets Liabilities Owners' Equity Arved cash for sale of asset (no gain or loss) Cash distribution to owner Cash sales Investment by owners Owe vender for inventory purchase Table 2.10 PB6. LO 2.2 Mateo's Maple Syrup had the following transactions during the month of February, its first month in business Transaction Common stock sold Amount owed for tax expense Amount owed for insurance expense Syrup sales: cash Syrup sales: credit Dividends paid Collections of credit sales Cash purchase for supplies expenses Cash paid for amounts owed Utility expenses paid Taxes paid Amount $ 3,000 1,950 750 13,000 6,000 40 1,700 250 1,600 400 600 Asset $3,000 ? ? ? ? ? ? ? ? ? ? $3,000 Liability $0 ? ? ? ? ? ? ? ? ? ? $0 Owner's Equity $3,000 ? ? ? ? ? ? ? ? ? ? $3,000 Complete the chart to determine the ending balances. As an example, the first transaction has been completed, Note: negative amounts should be indicated with minus signs - (Hints: 1. cach transaction will involve two financial statement elements; 2. the net impact of the transaction may be $0.) PBZ LO 22 Using the information in Exercise 20 determine the amount of revenue and expenses for Mateo's Maple Syrup for the month of February Revenues: jan. Gains: Feb. Losses: Mar. Expenses: Feb Gains: jan. Revenues: Mar. Losses: Feb. Expenses: Mar. Losses: Jan. Revenues: Feb. Expenses: Jan Gains: Mar. $36,425 2,820 8.695 50,807 0 53.580 3.760 58.985 0 88,243 48.786 13,160 A Calcune income for B. Calculate net income ornettor February accurate net income ornet loss tor Much D. For each station comment on how the might view the fute performance in think about sure of the come or low) PB2. LO 2.1 Each bi bilo to an independent company's Owners Equity + Co.1 Co.2 Co.3 Beginning Balance $163,800 63,180 0 Net Income $16,500 0 0 Net Loss $ 0 12,000 ? + Investments 7 $ 0 150,000 Ending Distributions - Balance $ 1,750 $254,150 51,180 ? 0 101,400 A Calculate the missing B. Based on your calculation, make observations wbout each company PB3. LO 2.1 The following information is from a new business Comment on the year 10-year changes in the accounts and possible sources and unes funds how were the funds obtained and used End of Year 1 End of Year 2 End of Year 3 Assets $137,000 148,000 168,000 Liabilities $62,000 57.000 80,000 Owner's Equity $75,000 91,000 88,000 PB4. LO 21 Each of the following situation relates to a differs company 1 UN Revenues Expenses Gains Losses Net Income or (Loss) Company A ? $455,490 0 32,760 32,130 Company B $1,480,500 1,518,300 ? 0 39,690 Company C $103,950 78,120 4,725 5,670 Company D $1,054,116 ? 8,505 39,312 (58,275) A For each of these independent situations, find the missing amounts. How would stakeholders view the financial performance of each company? Explain. PES. LO 2.2 For each of the following independent transactions, indicate whether there was an increase, decrease or no monet on each financial statement element nues: Mar. 0 42 Rn saction Assets Liabilities Owners' Equity Arved cash for sale of asset (no gain or loss) Cash distribution to owner Cash sales Investment by owners Owe vender for inventory purchase Table 2.10 PB6. LO 2.2 Mateo's Maple Syrup had the following transactions during the month of February, its first month in business Transaction Common stock sold Amount owed for tax expense Amount owed for insurance expense Syrup sales: cash Syrup sales: credit Dividends paid Collections of credit sales Cash purchase for supplies expenses Cash paid for amounts owed Utility expenses paid Taxes paid Amount $ 3,000 1,950 750 13,000 6,000 40 1,700 250 1,600 400 600 Asset $3,000 ? ? ? ? ? ? ? ? ? ? $3,000 Liability $0 ? ? ? ? ? ? ? ? ? ? $0 Owner's Equity $3,000 ? ? ? ? ? ? ? ? ? ? $3,000 Complete the chart to determine the ending balances. As an example, the first transaction has been completed, Note: negative amounts should be indicated with minus signs - (Hints: 1. cach transaction will involve two financial statement elements; 2. the net impact of the transaction may be $0.) PBZ LO 22 Using the information in Exercise 20 determine the amount of revenue and expenses for Mateo's Maple Syrup for the month of February