Two Items Are Omitted from Each of the Following Summaries

question 16

Essay

Two items are omitted from each of the following summaries of balance sheet and income
statement data for two proprietorships for the year 2016 Holly Enterprises and Cat Stevens. $\begin{array}{lcc}& \underline{\text {Black Sheep Enterprises}}& \underline{\text { Cat Stevens}}\\\text { Beginning of year: } & \\\text { Total assets } & \$ 98,000 & \$ 129,000 \\\text { Total liabilities } & 60,000 & (\mathrm{c}) \\\text { Total owner's equity } & (\mathrm{a}) & 85,000 \\\text { End of year: } & \\ \text { Total assets } &160,000 & 180,000 \\\text { Total liabilities } &100,000 & 50,000 \\\text { Total owner's equity } & 60,000 & 130,000 \\\text { Changes during year in owner's equity } \\\text { Additional investment }&(\mathrm{b}) & 25,000 \\\text { Drawings }& 25,000 & \text { (d) } \\\text { Total revenues }& 215,000 & 100,000 \\\text { Total expenses }& 185,000 & 65,000\end{array}$
Determine the missing amounts.

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Definitions:

Personality

A combination of emotional, attitudinal, and behavioral response patterns of an individual that are unique and consistent across different situations and over time.

Principles of Perception

Fundamental aspects governing how individuals interpret sensory information from their environment, impacting their understanding and interaction with the world.

Selective Screening

A process by which individuals or systems filter information, allowing attention to be focused on the most relevant or critical data.

Perceptual Process

The perceptual process is the sequence of psychological steps that a person goes through in receiving and interpreting information from the external environment, involving sensation, attention, and interpretation.