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The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Nash's Trading Post, LLC and Metlock, Inc., are
The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Nash's Trading Post, LLC and Metlock, Inc., are presented as follows for 2022 Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Nash's Trading Post, LLC Metlock, Inc. Beginning of year Total assets $88,000 $ 120,000 Total liabilities 56,000 d) Total stockholders' equity $ (al 56,000 End of year Total assets $ (b) 144,000 Total liabilities 96,000 44,000 Total stockhol equity 48,000 $ (e) Changes during year in retained earnings Dividends $ (c) 4,000 Total revenues 172,000 $ ( Total expenses 132.000 64,000
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