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Chapter 1 Homework Calculator Missing Amounts from Balance Sheet and Income Statement Data One item is omitted in each of the following summaries of balance sheet and income statement data for four different corporations, AL, CO, KS, and MT. Enter the missing amounts. AL co KS MI Beginning of the year: Assets $474,800 $ 185,400 X $555,500 288,900 $218,400 174,700 Liabilities 284,900 260,700 End of the year: Assets 777,700 538,700 WESTOWN 588,800 256,400 240,200 174,700 Liabilities 244,400 295,400 During the year: Additional issue of capital stock 86,900 Dividends 127,400 227,900 X 33,200 156,700 85,500 111,100 33,300 200,000 X 144,400 21,800 100,400 x 303,500 268,600 Revenue 243,300 278,100 Expenses Feedback Check My Work 13. Recall that the accounting equation can be rearranged to calculate the missing amounts. Stockholders' equity increases with additional stock issues and also when the retained earnings balance increases through net income and gains. Stockholders' equity decreases when dividends are declared and paid and also when the retained earnings balance decreases through net losses