Your answer is partially correct. The summaries of data from the balance sheet, income statement,...
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Accounting
Your answer is partially correct. The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Sheridan Corporation and Sunland Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Sheridan Corporation Sunland Enterprises Beginning of year Total assets $155,000 $130,000 Total liabilities 89,000 (d) 60,000 Total stockholders' equity (a) 66,000 70,000 End of year Total assets (b) 47,000 210,000 Total liabilities 132,000 61,000 Total stockholders' equity 85,000 (e) 149,000 Changes during year in retained earnings Dividends (c) 70,000 4,400 Total revenues 231,000 (f) 69,600 Total expenses 161,000 74,000 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit
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