Two Items Are Omitted from Each of the Following Summaries

question 144

Essay

Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2018, Holly Enterprises and Cat Stevens. $$\begin{array} { l c r } & \text { Holly Enterprises } & \text { Cat Stevens } \\\text { Beginning of year: } & & \\\text { Total assets } & \$ 98,000 & \$ 129,000 \\\text { Total liabilities } & 60,000 & \text { (c) } \\\text { Total stockholders' equity } & ( \mathrm { a } ) & 85,000 \\\text { End of year: } & & \\\text { Total assets } & 160,000 & 180,000 \\\quad \text { Total liabilities } & 100,000 & 50,000 \\\text { Total stockholders' equity } & 60,000 & 130,000 \\\text { Changes during year in stockholders' equity. } & \\\text { Additional investment } & ( \mathrm { b } ) & 25,000 \\\text { Dividends } & 25,000 & \text { (d) } \\\text { Total revenues } & 215,000 & 100,000 \\\text { Total expenses } & 185,000 & 65,000\end{array}$$
Instructions
Determine the missing amounts.

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Definitions:

Physical Immaturity

Describes a stage where an individual's body has not yet reached full development or maturity.

Biological Developments

Changes and growth in biological systems, often referring to the physical and physiological maturation of living organisms.

Semenarche

The first ejaculation. Ejaculation often occurs spontaneously during sleep, in which case it is called a nocturnal emission.

Homo Sapiens

The scientific term for modern humans, characterized by bipedalism and a large brain capacity compared to other primates.