Read the requirements. Garnet Corp. Lally Co. Beginning Assets Liabilities 83 $ 43 45 14 Common stock 1 4 Retained earnings 37 25 Ending Assets $ 87 $ 63 Liabilities 46 25 1 Common stock Retained earnings 40 Income statement Revenues 223 207 158 Expenses Net income 16 Read the requirements. Garnet Corp. Lally Co. Beginning Assets Liabilities 83 $ 43 45 14 Common stock 1 4 Retained earnings 37 25 Ending Assets $ 87 $ 63 Liabilities 46 25 1 Common stock Retained earnings 40 Income statement Revenues 223 207 158 Expenses Net income 16