CHAPTER $4$: BALANCE SHEET and STATEMENT OF CASH FLOWS

Homework Problem $1\mathrm{.}4$

Considering the financial statement information for the four clinics below, fill in the missing values $($outlined cells$).$

Pittman Rose Beckman Jaffe

December $31,2022$:

Assets $$195,000$ $$205,000$ $$175,000$

Liabilites $160,000115,000$

Equity $80,00055,00040,000$

December $31,2023$:

Assets $225,000180,000$

Liabilites $163,250110,00040,000$

Equity $55,00060,00050,000$

During $2023$:

Total Revenues $370,000310,000$

Total Expenses $330,000320,000$

Change in net equity