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The following information is selected from the balance sheet and income statement for Meagan Inc. Solve for the missing amounts. Year 2018 R/E (beginning) $3,600
The following information is selected from the balance sheet and income statement for Meagan Inc. Solve for the missing amounts.
| Year 2018 |
R/E (beginning) | $3,600 |
NI | 310 |
DIV | 78 |
Current assets (CA) | 5,572 |
Noncurrent assets | A |
Total assets (TA) | B |
Current liabilities (CL) | C |
Noncurrent liabilities | 4,790 |
Contributed capital | D |
R/E (ending) | E |
Total equity (TE) | 6,282 |
Total liabilities (TL) + Total equity (TE) | F |
Working Capital [CA CL] | 1,970 |
Note: Total equity = Contributed capital + earned capital
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