P1–5A Financial statement information about four different companies is as follows (Karma Company Yates Company McCain Company Dench Company)

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Financial statement information about four different companies is as follows.

	Alexei	Ramirez	Dayan	Viciedo
January 1, 2008
Assets	95,000	110,000	(g)	170,000
Liabilities	50,000	(d)	75,000	(j)
Owner's equity	(a)	60,000	45,000	90,000
December 31, 2008
Assets	(b)	141,000	200,000	(k)
Liabilities	55,000	75,000	(h)	80,000
Owner's equity	63,000	(e)	130,000	162,000
Owner's equity changes in year
Additional investment	(c)	15,000	10,000	15,000
Drawings	25,000	(f)	14,000	20,000
Total revenues	350,000	420,000	(i)	520,000
Total expenses	320,000	385,000	342,000	(l)

Instructions
(a) Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities -
Owner’s equity 5 $45,000.)
(b) Prepare the owner’s equity statement for Ramirez Company.