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Requirement 1. Compute the missing amount (?) for each company. (Am Pearl Corp. Lowell Co. $ 40 Beginning Assets Liabilities Common stock Retained earnings 77
Requirement 1. Compute the missing amount (?) for each company. (Am Pearl Corp. Lowell Co. $ 40 Beginning Assets Liabilities Common stock Retained earnings 77 $ 45 17 2 6 30 17 83 $ 58 Ending Assets Liabilities Common stock Retained earnings 46 27 2 35 Income statement Revenues $ 221 209 162 Expenses Net income 12 30 $ 17 Statement of retained earnings Beginning RE . $ + Net income - Dividends 12 22 (7) (21) 35 $ 18 Ending RE
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