At the beginning of the year, Gant Company had total assets of $$660,000$ and total liabilities of

$$300,000.$ Answer the following question.

If total assets increased $$225,000$ during the year, and total liabilities decreased $$100,000,$ what is

the amount of stockholders' equity at the end of the year?

The Mills Company adjusted trial balance at $\frac{12}{31}\frac{?}{20}1$ contained the following items. All items

are before tax. The tax rate is $40\%.$

In addition to the above, the accounting records contained information related to the disposal of a

discontinued segment of the business. The following additional information $($before tax effects$)$

relating to the disposal was contained in the adjusted trial balance:

Construct a multiple step income statement for $20$x$1($in good form $-$ with a heading and

appropriate labels for line items$)$