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One item is omitted in each of the following summaries of balance sheet and income statement data for three different sole proprietorships, A, B,
One item is omitted in each of the following summaries of balance sheet and income statement data for three different sole proprietorships, A, B, and C. Determine the amounts of the missing items. Beginning of the Year: Assets Liabilities End of the Year: Proprietorship B $416,000 $163,000 $201,000 262,000 112,000 166,900 Assets Liabilities 466,000 195,900 195,900 303,000 90,600 171,000 During the Year Additional investment by the owner 75,300 81,100 Withdrawals by the owner 92,000 83,707 Revenue 202,000 188,500 Expenses 172,000 114,600 187,300
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