Review the chapter explanations of the income statement and the balance sheet equations

Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each of the following independent cases to compute the two missing amounts for each case Assume that it is the end of the first full year of operations for the company (Loss amounts should be indicated with a minus sign.) Net Income (Loss) Stockholders Equity Independent Cases A B ? 70,000 Total Total Revenues Expenses $ 110,000 S 82,000 80,000 80,000 36.000 50.000 B1,000 12.000 Total Total Assets Liabilities $ 150,000 $ 70.000 112,000 104,000 26.000 22.000 73.000 D 20.000 (6.000) 77,000 28,000 E