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Question 1 2 pts At the beginning of the year, Ivanhoe Company had total assets of $825,000 and total liabilities of $524,000. (Treat each item
Question 1 2 pts At the beginning of the year, Ivanhoe Company had total assets of $825,000 and total liabilities of $524,000. (Treat each item independently.) (a) If total assets increased $182,000 during the year and total liabilities decreased $82,000, what is the amount of stockholders' equity at the end of the year? (b) During the year, total liabilities increased $90,000 and stockholders' equity decreased $63,000. What is the amount of total assets at the end of the year? (c) If total assets decreased $83,000 and stockholders' equity increased $112,000 during the year, what is the amount of total liabilities at the end of the year? Edit View Insert Format Tools Table 12pt Paragraph BIU A T? On June 1, 2022, Cullumber Company was started with an initial investment in the company of $25,000 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash $ 5,010 Notes payable $12,820 4,290 Accounts payable 790 Accounts receivable Service revenue 8.000 Supplies expense 1,100 2,350 Supplies 630 Maintenance and repairs expense 400 Utilities expense 270 Advertising expense 29,600 Equipment 1,600 Salaries and wages expense Common stock 25,000 During June, the company issued no additional stock but paid dividends of $1,360. Prepare an income statement, a statement of retained earnings, and a balance sheet
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