Exercise 1-16 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 2017. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Walco Corporation Gunther Enterprises Beginning of year $110,000 $150,000 Total assets Total liabilities Total stockholders' equity 70,000 $ 70,000 End of year 180,000 Total assets Total liabilities Total stockholders' equity 120,000 55,000 60,000 4 Changes during year in retained earnings 5,000 Dividends Total revenues Total expenses 215,000 165,000 80,000