00:01
Here in a question, we have to find the missing values from the given set.
00:09
So let's talk one by one when we talk about set a so in set a missing values are like given a a is given for expenses.
00:24
So expenses are two thousand six hundred dollar b is for net income.
00:39
So how we calculate net income 500 minus 2 ,600 that is expenses minus revenue.
00:54
We got minus two thousand fifty dollar which represent our loss.
01:06
So this is b in set is c represent for again net income in statement of retained earnings.
01:15
C is also for net income, but in statement of retained earnings.
01:28
So how we calculate it or the net income we got from above that is minus two thousand fifty dollar.
01:48
Also only we here write up a missing values d.
01:55
So d is represent for total assets total assets here in set a the total assets are fifteen thousand five hundred now e e representing the retained earnings retained earnings.
02:30
Okay, so retained earnings can be identified from the balance.
02:42
So our retained earnings is we show minus seven hundred dollar is represented for total liabilities and stakeholder stockholder equity total liability stockholder equity.
03:18
So how we can find it eight hundred plus one thousand minus seven hundred we got eleven hundred dollar.
03:38
So these are our missing values a let's move towards this set b when we talk about set b here are missing values are like h which represent net income.
04:05
So net income is equals to in set b.
04:15
It is $40.
04:24
Okay.
04:26
Now next one is i i is represent for dividends.
04:42
The value of dividends is $1.
04:46
Next one is j represent for ending balance.
04:52
We can calculate it like seven thousand seven hundred plus 40 minus one.
05:10
We got the value seven thousand seven hundred thirty nine dollar now for next thing next missing value is k which is retained earnings.
05:39
The value of retained earnings is a like a ending balance, which is seven thousand seven hundred thirty nine...