Fill in the two blanks.

*The beg. retained earnings answer is not 11,000 or 34,000*

Homework: Chapter 1 part B homework Score: 0.96 of 2 pts 5 of 9 (9 complete) HW Score: 79.63%, 7.96 of 10 BE1-24 (similar to) Question Help The records of Potvin Company show the following at December 31, 2018 (Click the icon to view the data.) Read the requirements Requirement 1. Compute the missing amount for Potvin Company. You will need to determine Retained Earnings, December 31, 2018, and total stockholders equity, December 31,2018 Begin by determining total stockholders' equity. Rework the accounting equation and then solve for stockholders' equity (equity') at the beginning and end of the Darlad Assets 52000 Beginning Ending Liabilities 41.000 49.000 Equity 11.000 34,000 83.000 Identify the formula and then solve for the retained earnings balance at the end of the period. Ending equity Common Stock = Ending retained earnings 34.000 10,000 $ 24,000 Rearrange the formula to compute the change in retained earnings and then solve for the missing expense amount for Potvin Company (Abbreviations used: Beg. retained earnings Beginning retained earnings, End retained earnings - Ending retained eamings) Beg retained earnings Revenues End retained earnings Dividends Expenses 290,000 24,000 16,000 Choose from any list or enter any number in the input fields and then click Check Answer 1 part remaining Clear All Final Check mis Data Table 8, and tot ockho he beginn Assets & Liabilities: Beginning: Assets Liabilities Ending: Equity: Common Stock $ 52,000 Dividends 41,000 Revenues Expenses Retained Earnings, January 1, $ 83,000 2018 49,000 10,000 16,000 290,000 solve Assets 1,000 Liabil npute g reta Iny. (Abbre Print Done stockhold A Requirements - X t the beginning an sets 2,000 3,000 1. Compute the missing amount for Potvin Company. You will need to determine Retained Earnings, December 31, 2018, and total stockholders' equity, December 31, 2018 2. Did Potvin earn a net income or suffer a net loss for the year? Compute the amount in solve fd Print Done ompute the Ihanu (Ahhreviatinn