Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each independent case following to compute the two missing amounts for each case. Assume that it is the end of 2003, the first full year of operations for the company. (Hint: Organize the listed items as they are presented in the balance sheet and income statement equations and then compute the missing amounts.)

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Independent Total Cases Total Revenues Expenses Net Income Total Total Stockholders (Loss) Assets Liabilities Equity A $100,000 $82,000 $ $150,000 $70,000 $ B 80,000 12,000 112,000 60,000 C 80,000 86,000 104,000 26,000 D 50,000 13,000 22,000 77,000 E 81,000 (6,000) 73,000 28,000