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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

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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 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 $109,000 $143,000 Total liabilities 79,000 (d) 5 (a) 71,600 Total stockholders' equity End of year Total assets (b) 171,000 Total liabilities 114,000 55,000 54,400 Total stockholders' equity Changes during year in retained earnings Dividends 6,000 Total revenues 210,000 Total expenses 165,000 70,000 LINK TO VIDEO

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