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Part A: Solve for Total Revenues Total revenues (number without a comma, e.g. 15000): Answer Part B: Solve for Owner's investment in business Owner's investment
Part A: Solve for Total Revenues
Total revenues (number without a comma, e.g. 15000): Answer
Part B: Solve for Owner's investment in business Owner's investment in business (number without a comma, e.g. 15000): Answer Part C: Solve for Total Liabilities Total Liabilities (number without a comma, e.g. 15000): Answer
Selected data from the financial statements of a proprietorship: 2019 Income statement Total revenues [1] Total expenses. 105,000 Profit 68,000 2019 Statement of Owner's Equity Owner's capital, Jan. 1.......... 89,000 Owner investment in the business... . [2] Net income 68,000 Owner's drawings ....... 35,000 Owner's capital, Dec. 31........ 147,000 2019 Balance Sheet Total assets .395,000 Total liabilities -- [3] Instructions: Determine the missing amounts based on the information provided aboveStep by Step Solution
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