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The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below

The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders equity are due to changes in retained earnings.

Walco Corporation Gunther Enterprises

Beginning of year

Total assets

$108,000

$147,000

Total liabilities

80,000

$enter a dollar amount (d)

Total stockholders equity

$enter a dollar amount (a)

66,200

End of year

Total assets

$enter a dollar amount (b)

177,000

Total liabilities

116,000

52,000

Total stockholders equity

54,500

$enter a dollar amount (e)

Changes during year in retained earnings

Dividends

$enter a dollar amount (c)

5,300

Total revenues

219,000

$enter a dollar amount (f)

Total expenses

163,000

82,000

The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders equity are due to changes in retained earnings.

Walco Corporation Gunther Enterprises

Beginning of year

Total assets

$108,000

$147,000

Total liabilities

80,000

$enter a dollar amount (d)

Total stockholders equity

$enter a dollar amount (a)

66,200

End of year

Total assets

$enter a dollar amount (b)

177,000

Total liabilities

116,000

52,000

Total stockholders equity

54,500

$enter a dollar amount (e)

Changes during year in retained earnings

Dividends

$enter a dollar amount (c)

5,300

Total revenues

219,000

$enter a dollar amount (f)

Total expenses

163,000

82,000

The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders equity are due to changes in retained earnings.

Walco Corporation Gunther Enterprises

Beginning of year

Total assets

$108,000

$147,000

Total liabilities

80,000

$enter a dollar amount (d)

Total stockholders equity

$enter a dollar amount (a)

66,200

End of year

Total assets

$enter a dollar amount (b)

177,000

Total liabilities

116,000

52,000

Total stockholders equity

54,500

$enter a dollar amount (e)

Changes during year in retained earnings

Dividends

$enter a dollar amount (c)

5,300

Total revenues

219,000

$enter a dollar amount (f)

Total expenses

163,000

82,000

The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders equity are due to changes in retained earnings.

Walco Corporation Gunther Enterprises

Beginning of year

Total assets

$108,000

$147,000

Total liabilities

80,000

$enter a dollar amount (d)

Total stockholders equity

$enter a dollar amount (a)

66,200

End of year

Total assets

$enter a dollar amount (b)

177,000

Total liabilities

116,000

52,000

Total stockholders equity

54,500

$enter a dollar amount (e)

Changes during year in retained earnings

Dividends

$enter a dollar amount (c)

5,300

Total revenues

219,000

$enter a dollar amount (f)

Total expenses

163,000

82,000

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