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Current Attempt in Progress The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther
Current Attempt in Progress The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2022 Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. ! Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Walco Corporation Gunther Enterprises Beginning of year Total assets $116,000 $ 158,000 Total liabilities 62.000 $ (d) Total stockholders' equity $ (a) 72,400 End of year Total assets (b) 172,000 126,000 53,000 54,900 $ Total liabilities Total stockholders' equity Changes during year in retained earnings Dividends (e) $ (c) 4,300 Total revenues 217,000 $ in Total expenses 163.000 77.000
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