P1-5A Financial statement information about four different companies is as follows onatello Leonardo Michelangelo Raphael Company Company $ 75,000 $110,000 60,000 ,000 Company Company 150,000 100,000 January 1, 2015 Assets Liabilities Stockholders' equity 48,000 (d) 75,000 45,000 200,000 130,000 10,000 December 31, 2015 Assets Liabilities Stockholders' equity 80,000 140,000 40,000 (e) Stockholders' equity changes in year Additional investment Dividends Total revenues Total expenses 15,000 10,000 500,000 15,000 6,000 350,000 420,000 335,000 382,000 342,000 Instructions (a) Determine the missing amounts. (Hint: For example, to solve for (a), Assets Liabili- ties = Stockholders' Equity $27,000.) retained earnings was $20,000. ments and the interrelationship of the retained earnings statement to the income (b) Prepare the retained earnings statement for Leonardo Company. Assume beginning (c) write a memorandum explaining the sequence for preparing financial state- statement and balance sheet