Preview Fle Edit View Go Tools Window Help s Financial-Accounti PDF-eTextbook (page 72 of 864) P1-5A Financial statement information about four different companies is as follows. Donatello Leonardo Michelangelo Raphael Company Company Company Company January 1, 2015 75,000 $110,000 (g $150,000 Assets Liabilities Stockholders' equity 48,000 75,000 (d) 60,000 Gj) 100,000 45,000 200,000 130,000 10,000 December 31, 2015 Assets Liabilities Stockholders' equity 137,000 55,000 40,000 75,000 (e) 80,000 140,000 Stockholders' equity changes in year 15,000 10,000 500,000 15,000 Dividends Total revenues Total expenses 6,000 350,000 420,000 335,000 382,000 14,000 342,000 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 eamings statement for Leonardo Company. Assume beginning Write a memorandum explaining the sequence for preparing financial state- statement and balance sheet