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Consider the following summaries of balance sheet and incomes statement data for sole proprietorships, A and B.ABBeginning of the year:Assets $250,000 $70,000Liabilities 140,00030,000End of the

Consider the following summaries of balance sheet and incomes statement data for sole proprietorships, A and B.ABBeginning of the year:Assets $250,000 $70,000Liabilities 140,00030,000End of the year:Assets290,00095,000Liabilities160,00020,000During the year:Additional investment in business(a)9,000Withdrawals from the business20,00012,000Revenue 95,000(b)Expenses80,00035,000Instruction:Calculatethe amount of missing items.

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