1. Baltimore Company's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,800, Prepaid Rent $2,000, Supplies $400, Bank Loan $2,550, and Tools $300. Baltimore's total liabilities are: (All account balances are normal.)
2. Baltimore Company's complete assets and liabilities are Accounts Receivable $3,550, Equipment $8,800, Accounts Payable $7,900, Prepaid Rent $1,550, Supplies $925, Bank Loan $3,350, and Tools $485.Baltimore's total equity is: (All account balances are normal.)
3. Baltimore Company experienced a total increase in stockholders' equity of $22,000 during the current year.Stockholders' equity was increased by additional issuances of $45,000 capital stock during the year.No dividends were paid.Expenses incurred during the year were $94,000.How much was Baltimore's revenue for the year?
4. Baltimore Company experienced an increase in total assets of $16,500 during the current year.During the same time period, total liabilities increased $9,100.Shareholders made no investments during the year and no dividends were paid.How much was Baltimore's net income