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Exercise 1-20 The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are

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Exercise 1-20 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. Walco Corporation Gunther Enterprises Beginning of year Total assets $114,000 $151,000 Total liabilities 77,000 (d) Total stockholders' equity (a) 71,800 End of year Total assets 183,000 $ (b) 113,000 Total liabilities 59,000 Total stockholders' equity 50,700 $ (e) Changes during year in retained earnings Dividends (c) 4,600 $ Total revenues 216,000 Total expenses 164,000 84,000

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