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 the following four different proprietorships. Beginning of the year: Assets Liabilities End of the year: Freeman Heyward Jones Ramirez $446,600 $522,500 $205,400 (d) 268,000 271,700 156,100 $247,200 Assets Liabilities 553,800 731,500 184,900 510,800 241,200 229,900 164,300 280,100 During the year: Additional investment in the business (e) Withdrawals from the business Revenue Expenses 104,500 20,500 82,400 31,300 31,400 (c) 120,800 147,400 (b) 236,300 230,700 80,400 135,900 252,600 263,700 Determine the missing amounts. Hint: First determine the amount of increase or decrease in owner's equity during the year. Freeman: Additional investment in the business Heyward: Revenue Jones: Withdrawals from the business Ramirez: Assets 80,500 X 313,600 703,200 X Check My Work Previous Next >