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Can you help me with this question?? also write what formula did you use? Determine the missing amounts. (Hint: For example, to solve for (a),
Can you help me with this question?? also write what formula did you use?
Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities - Stockholders' Equity = $32,000.) Pronghorn Company Pina Colada Company Michelangelo Company January 1, 2022 Assets $ 96,000 $140,800 153600 (g) Liabilities 64.000 64000 (d) 96,000 Stockholders equity 32000 (a) 76,800 57,600 December 31, 2022 Assets 121600 (b) 175,360 256,000 Liabilities 70,400 96,000 89600 (h) Stockholders equity 51,200 79360 (e) 166,400 Stockholders' equity changes in year Additional investment 6400 (c) 19,200 12,800 Dividends 12,800 61440 (f) 17,920 Total 448,000 537,600 551680 (i) revenues Total 422,400 492,800 437,760 expenses Prepare the retained earnings statement for Pina Colada Company. Assume beginning retained earnings was $25,600. (List items that increase retained earnings first.) Pina Colada Company Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1 $ 25600 Add : Net Income /(Loss) 25600 51200 Less : Dividends 25600 Retained Earnings, December 31 $ 25600Step by Step Solution
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