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Chapter 1 Introduction to Accounting and Bushess 40 EX 1-20 Missing amounts from balance sheet and income statement data One item is omitted in each

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Chapter 1 Introduction to Accounting and Bushess 40 EX 1-20 Missing amounts from balance sheet and income statement data One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations: Obj. 5 (A) $135,000 Ramirez Jones yward Freeman Beginning of the year $115,000 $490,000 260,000 $900,000 SHOW MI HOW Assets $120,000 81,000 360,000 Liabilities End of the year 100,000 80,000 270,000 136,000 675,000 220,000 1,260,000 Assets 330,000 Liabilities During the year Additional common stock issued 55,000 A 150,000 10,000 75,000 C 39,000 32,000 B Dividends 570,000 115,000 122,500 115,000 Revenue Expenses 240,000 128,000 128,000 Determine the missing amounts, identifying them by letter. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.)

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