Part Level Submission Problem 1SA Financial statement inform

(Part Level Submission) Problem 1-SA Financial statement information about four different companies is as follows. (a) Determine the missing amounts. (Hint: For example, to solve for(a), Assets-Liabilities-Stockholders\' Equity = $28,000.) January 1, 2019 Assets Liabilities Stockholders\' equity $ 84,000 $123,200 (g) $168,000 56,000 84,000 0) 67,200 50,400 112,000 December 31, 2019 224,000 Assets Liabilities Stockholders\' equity 153,440 61,600 84,000 89,600 44,800 145,600 156,800 Stockholders\' equity changes in year 16,800 16,800 11,200 560,000 Additional investment 11,200 15,680 11,200 392,000 369,600 Dividends 470,400 Total expenses 431,200 383,040

Solution

Workings

January 1 ,2019	Culver	Sherdian	Michelangelo	Raphael
Assets	84000	123200	134400	168000
Liabilities	56000	56000	84000	56000
Stockholder Equity	28000	67200	50400	112000
December 31 2019
Assets	106400	153440	224000	246400
Liabilities	61600	84000	78400	89600
Stockholder Equity	44800	69440	145600	156800
Stock holder Equity Changes in Year
Additional Investment	11200	16800	11200	16800
Dividends	11200	22400	15680	11200
Total Revenue	392000	470400	409920	560000
Total Expense	369600	431200	383040	532000