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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.) Net Income (Loss) Stockholders' Equity Independent Cases A B Total Total Revenues Expenses $ 134,000 $ 94,000 92,000 92,000 104,000 62,000 93,000 18,000 82.000 Total Total Assets Liabilities $ 174,000 $ 82.000 136,000 128,000 38,000 34.000 85,000 D 26,000 (7.000) 89,000 40,000 E

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