Determine financial statem amounts and prepare retai earnings statement Young P1.5 (LO 4,5) Writing Financial statement information about four different companies is as follows. Crosby Stills Nash Company Company Company Company January 1, 2020 Assets HK$ 900,000 HK$1,100,000 Liabilities 650,000 (d) HK$ 750,000 Equity 500,000 450,000 1,000,000 December 31, 2020 Assets (b) 1,370,000 2,000,000 (k) Liabilities 550,000 800,000 Equity 400,000 1,300,000 1,400,000 Equity changes in year Additional investment 150,000 100,000 150,000 100,000 140.000 Dividends 100,000 3,500,000 4,200,000 Total revenues (i) 5,000,000 3,850,000 3,300,000 3,420,000 (1) Total expenses 750,000 (h) (c) Instructions a. Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities = Equity = HK$250,000.) b. Prepare the retained earnings statement for Stills Company. Assume beginning retained earnings was HK$200,000. e. Write a memorandum explaining the sequence for preparing financial statements and the interrelation ship of the retained earnings statement to the income statement and statement of financial position