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Question 10 The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are
Question 10 The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Walco Corporation Gunther Enterprises Beginning of year Total assets $120,000 $149,000 Total liabilities 75,000 (d) $ Total stockholders' equity (a) 71,700 $ End of year Total assets (b) 183,000 $ Total liabilities 130,000 59,000 Total stockholders' equity 54,700 (e) $ Changes during year in retained earnings Dividends (c) 5,700 $ Total revenues 210,000 (f) $ Total expenses 164,000 84,000 LINK TO TEXT LINK TO VIDEO
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