E1.20 (LO 3), AN The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented as follows for 2022.

Use financial statement relationships to determine missing amounts.

		Walco Corporation		Gunther Enterprises
Beginning of year
Total assets		$110,000		$150,000
Total liabilities		70,000		(d)
Total stockholders' equity		(a)		70,000
End of year
Total assets		(b)		180,000
Total liabilities		120,000		55,000
Total stockholders' equity		60,000		(e)
Changes during year in retained earnings
Dividends		(c)		5,000
Total revenues		215,000		(f)
Total expenses		165,000		80,000

Instructions

Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings.