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Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each of the following independent cases to compute

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Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each of the following independent cases to compute the two missing amounts for each case. Assume that it is the end of the first full year of operations for the company. (Loss amounts should be indicated with a minus sign.) Independent Cases Total Total Net Income Stockholders Total Assets Total Liabilities Revenues (Loss) Expenses 95,000 Equity A 136,000 S $ 176,000 S 83,000 93,000 18,500 138,000 83,000 C 93,000 105,500 130,000 39,000 63,000 26,500 35,000 90,000 D 94,000 (7,500) 86,000 41,000

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