Please explain how you fill in the ? Marks and solved the questions.

Company A, Company B, Company C, Company D, Company E

A B C D E

December 31, 2010 Assets . . . . . . . . . . . . . . . . . . . . . . . . . $45,000 $35,000 $29,000 $80,000 $123,000 Liabilities . . . . . . . . . . . . . . . . . . . . . . 23,500 22,500 14,000 38,000 ? December 31, 2011 Assets . . . . . . . . . . . . . . . . . . . . . . . . . 48,000 41,000 ? 125,000 112,500 Liabilities . . . . . . . . . . . . . . . . . . . . . . ? 27,500 19,000 64,000 75,000 During year 2011 Owner investments . . . . . . . . . . . . . . 5,000 1,500 7,750 ? 4,500 Net income (loss) . . . . . . . . . . . . . . . 7,500 ? 9,000 12,000 18,000 Owner cash withdrawals . . . . . . . . . 2,500 3,000 3,875 0 9,000

1. Answer the following questions about Company A: a. What is the amount of equity on December 31, 2010? b. What is the amount of equity on December 31, 2011? c. What is the amount of liabilities on December 31, 2011? 2. Answer the following questions about Company B: a. What is the amount of equity on December 31, 2010? b. What is the amount of equity on December 31, 2011? c. What is net income for year 2011? 3. Calculate the amount of assets for Company C on December 31, 2011. 4. Calculate the amount of owner investments for Company D during year 2011. 5. Calculate the amount of liabilities for Company E on December 31, 2010.

The following financial statement information is from five separate companies: Answer the following questions about Company A: What is the amount of equity on December 31, 2010? What is the amount of equity on December 31, 2011? What is the amount of liabilities on December 31, 2011? Answer the following questions about Company B: What is the amount of equity on December 31, 2010? What is the amount of equity on December 31, 2011? What is net income for year 2011? Calculate the amount of assets for Company C on December 31, 2011. Calculate the amount of owner investments for Company D during year 2011. Calculate the amount of liabilities for Company E on December 31, 2010