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January 1, 2014 Assets $ 75,000 $110,000 $ (g) $150,000 Liabilities 50,000 (d) 75,000 (j) Stockholders' equity (a) 60,000 45,000 100,000 December 31

January 1, 2014
Assets $ 75,000 $110,000 $ (g) $150,000
Liabilities 50,000 (d) 75,000 (j)
Stockholders’ equity (a) 60,000 45,000 100,000
December 31, 2014
Assets (b) 137,000 200,000 (k)
Liabilities 55,000 75,000 (h) 80,000
Stockholders’ equity 40,000 (e) 130,000 140,000
Stockholders’ equity changes in year
Additional investment (c) 15,000 10,000 15,000
Dividends 10,000 (f) 14,000 10,000
Total revenues 350,000 420,000 (i) 500,000
Total expenses 330,000 385,000 342,000

This question was asked on Jan 24, 2014.

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