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The following selected data are for Alexei Imports for its first three years of operations. 2022 2023 2024 January 1: Total assets (a) $75,000 $127,000

The following selected data are for Alexei Imports for its first three years of operations.

2022 2023 2024
January 1:
Total assets (a) $75,000 $127,000
Total liabilities 0 (e) (k)
Total owners equity 60,000 (f) (l)
December 31:
Total assets 75,000 (g) 170,000
Total liabilities (b) 45,500 (m)
Total owners equity 45,000 (h) 100,000
Changes during year in owners equity:
Investments by owner during the year 5,000 (i) 0
Drawings by owner during the year 0 10,000 (n)
Profit or loss for the year (c) 35,000 30,000
Total revenues for the year (d) (j) 160,000
Total expenses for the year 120,000 95,000 (o)

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Determine the missing amounts.

What information does the owner of a company need in order to decide whether they need to invest additional cash in the business?

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