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Chapter 1 Version 1 1 Student name:__________ 1) Determine the missing amounts for each independent case below. Assume the amounts shown are at the end of the company's first year of operation. Company Name Total Revenue Total Assets Total Expenses Total Liabilitie s Net Income (Loss) Stockholders ' Equity Randolph $ 600,00 0 $ 450,00 0 $ 350,00 0 $ 130,000 Newman $ 105,00 0 $ 80,000 $ 10,000 $ 75,000 Wiseman $ 190,00 0 $ 70,000 $(30,000 ) $ 100,000 Martin $ 180,00 0 $ 215,00 0 $ 115,00 0 $ 75,000 VanTasse l $ 55,000 $ 75,000 $ 19,000 $ 79,000 2) Frank’s Flower Company, a small retail store that sells flowers, started business on January 1, 2026. At the end of January 2026, the following information was available: Sales of flowers for cash $ 150,000 Sales of flowers for credit (not yet collected) 3
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