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Exercise (9): Exercise (9) Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for

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Exercise (9): Exercise (9) Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2010, Holly Enterprises and Stevens. Stevens $129,000 85,000 Holly Enterprises Beginning of year: Total assets $ 98,000 Total liabilities 85,000 Total owner's equity End of year Total assets 160,000 Total liabilities 120.000 Total owner's equity 40,000 Changes during year in owner's equity: Additional investment (b) Drawings 25.000 Total revenues 215.000 Total expenses 185.000 180,000 50,000 130,000 25.000 (d) 100,000 65,000 Required: Determine the missing amounts. Chapter

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