Summaries of selected data for three companies follow. Th ree items are missing from each summary.

Instructions
Determine the missing amounts.

Transcribed Image Text:

Midway Company Wheel Company Ferris Company Beginning of year Total assets Total liabilities Total owner's equity $95,000 72,000 $162,000 30,000 33,000 85,000 End of year Total assets Total liabilities Total owner's equity 79,000 42,000 110,000 61,000 98,000 37,000 Changes during year in owner's equity Investments by owner Drawings Total revenues Total expenses 5,000 25,000 85,000 0 22,000 179,000 150,000 99,000 48,000