Summaries of selected data from the financial statements of two corporations follow. Both companies have just completed their first year of operations. Determine the missing amounts for [1] to [12]. Note that you may not be able to solve the items in numerical order. Statement of income Total revenues Total expenses Net income Statement of changes in equity Wildhorse Inc. $1,300,000 S [1] 195.000 Novak Inc. [7] 325,000 65,000 Total shareholders' equity, beginning of year 0 0 Common shares, beginning of year 0 Issue of shares 130,000 [8] Common shares, end of year 26,000 Retained earnings, beginning of year Net income Dividends declared Retained earnings, end of year Total shareholders' equity, end of year Statement of financial position Total assets Total liabilities Total shareholders' equity eTextbook and Media Save for Later [2] [9] [3] [4] 13,000 130,000 $2,000 [5] [10] 1,365,000 1.105,000 [6] 195,000 [12] Attempts: 0 of 3 used Submit