Selected summaries of data from the statement of financial p

Selected summaries of data from the statement of financial postion, income statement, and statement of changes in equity for two corporations, Ivanhoe Corporation and Sarasota Enterprises, are presented below for 24 140,000 120,000 Total ab Total shareholders equty End of year Total asets Total Wait Total shareholders equit Changes during year in retained earning Dividends dedlared otal revee Tetal expenses 105,000 70,000 185,000 0,000 125.000e) ,000 to 00,000 165,000 n) 0,000

Solution

Tvanhoe Sarasota Beginning Of year Total Assets 140000 120000 Total liabilities 105000 50000 Total Shareholder\'s equity 35000 70000 End of year Total Assets 180000 185000 Total liabilities 130000 60000 Total Shareholder\'s equity 50000 125000 Changes during the year in Retained Earnings Dividend declared 20000 5000 Total revennue 200000 140000 Total expense 165000 80000