Summaries of selected data from the financial statements of two corporations follow. Both companies have just completed their first year of operations:

Instructions
Determine the missing amounts for [1] to [8]. Note that you may not be able to solve each item in numerical order.

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Lumber Inc.T Trucking Inc. Income statement Total revenues Total expenses $1,000,000 250,000 50,000 ro 150,000 Statement of changes in equity Total shareholders' equity, beginning of year Issue of shares Profit Dividends Total shareholders' equity, end of year 100,000 150,000 50,000 20,000 100,000 Statement of financial position Total assets Total liabilities Total shareholders' equity 2,000,000 1,800,000 500,000