Determine the missing amounts. (Hint: For example, to solve for (a), Assets Liabilities
Stockholders Equity - $28,730.) anuary 1, 2015 Assets Liabilities Stockholders\' equity $ 86,190
$126,412 s 137904 (g) 86,190 51,714 $172,380 57,460 57460 (d) 68,952 57460 0) 114,920
28730 (a) December 31, 2015 Assets Liabilities Stockholders\' equity 109174 (b) 63,206 45,968
157,440 229,840 252824 (k) 91,936 86,190 71250 (e) 17,238 80444 (h) 149,396 160,888
Stockholders\' equity changes in year Additional investment Dividends Total revenues Total
expenses 17,238 11,492 574,600 11,492 11,492 402,220 379,236 16,089 482,664 442,442
393,026
Solution
Donatello Company:
January 1, 2015:
Stockholders’ Equity = Assets - Liabilities
Stockholders’ Equity = $86,190 - $57,460
Stockholders’ Equity = $28,730
December 31, 2015:
Assets = Liabilities + Stockholders’ Equity
Assets = $63,206 + $45,968
Assets = $109,174
Change in Stockholders’ Equity = Stockholders’ Equity, December 31, 2015 - Stockholders’
Equity, January 1, 2015
Change in Stockholders’ Equity = $45,968 - $28,730
Change in Stockholders’ Equity = $17,238
Change in Stockholders’ Equity = Additional Investment + Total Revenues - Total Expenses -
Dividends
$17,238 = Additional Investment + $402,220 - $379,236 - $11,492
Additional Investment = $5,746
Leonardo Company:
January 1, 2015:
Assets = Liabilities + Stockholders’ Equity
$126,412 = Liabilities + $68,952
Liabilities = $57,460
December 31, 2015:
Assets = Liabilities + Stockholders’ Equity
$157,440 = $86,190 + Stockholders’ Equity
Stockholders’ Equity = $71,250
Change in Stockholders’ Equity = Stockholders’ Equity, December 31, 2015 - Stockholders’
Equity, January 1, 2015
Change in Stockholders’ Equity = $71,250 - $68,952
Change in Stockholders’ Equity = $2,298
Change in Stockholders’ Equity = Additional Investment + Total Revenues - Total Expenses -
Dividends
$2,298 = $17,238 + $482,664 - $442,442 - Dividends
Dividends = $55,162
Michelangelo Company:
January 1, 2015:
Assets = Liabilities + Stockholders’ Equity
Assets = $86,190 + $51,714
Assets = $137,904
December 31, 2015:
Assets = Liabilities + Stockholders’ Equity
$229,840 = Liabilities + $149,396
Liabilities = $80,444
Change in Stockholders’ Equity = Stockholders’ Equity, December 31, 2015 - Stockholders’
Equity, January 1, 2015
Change in Stockholders’ Equity = $149,396 - $51,714
Change in Stockholders’ Equity = $97,682
Change in Stockholders’ Equity = Additional Investment + Total Revenues - Total Expenses -
Dividends
$97,682 = $11,492 + Total Revenues - $393,026 - $16,089
Total Revenues = $495,305
Raphael Company:
January 1, 2015:
Assets = Liabilities + Stockholders’ Equity
$172,380 = Liabilities + $114,920
Liabilities = $57,460
December 31, 2015:
Assets = Liabilities + Stockholders’ Equity
Assets = $91,936 + $160,888
Assets = $252,824
Change in Stockholders’ Equity = Stockholders’ Equity, December 31, 2015 - Stockholders’
Equity, January 1, 2015
Change in Stockholders’ Equity = $160,888 - $114,920
Cha.
