Missing amounts from balance sheet and income statement data
One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations:
| Freeman | Heyward | Jones | Ramirez | |
| Beginning of the year: | ||||
| Assets | $ 900,000 | $490,000 | $115,000 | (d) |
| Liabilities | 360,000 | 260,000 | 81,000 | $120,000 |
| End of the year: | ||||
| Assets | 1,260,000 | 675,000 | 100,000 | 270,000 |
| Liabilities | 330,000 | 220,000 | 80,000 | 136,000 |
| During the year: | ||||
| Additional issuance of | (a) | 150,000 | 10,000 | 55,000 |
| Dividends | 75,000 | 32,000 | (c) | 39,000 |
| Revenue | 570,000 | (b) | 115,000 | 115,000 |
| Expenses | 240,000 | 128,000 | 122,500 | 128,000 |
Determine the missing amounts, identifying them by letter. (Hint: First determine the amount of increase or decrease in stockholders’ equity during the year.)
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