Determine the Missing Amounts for Each Independent Case Below

question 19

Short Answer

Determine the missing amounts for each independent case below.Assume the amounts given are at the end of the company's first year of operation. $\begin{array}{l}\begin{array} { l } \text { Company } & \text { Total } & \text { Total } \\\text { Name } & \text { Revenue } & \text { Assets } \\\text { Randolph } & \$ 600,000 & \$ 450,000 \\\text { Newman } & \$ 105,000 & \\\text { Wiseman } & & \$ 190,000 \\\text { Martin } & \$ 180,000 & \$ 215,000 \\\text { VanTassel } & &\end{array}\begin{array} { l } \text { Total } & \text { Total } \\\text { Expenses } & \text { Liabilities } \\\$ 350,000 & \$ 130,000 \\& \$ 80,000 \\\$ 70,000 & \\\$ 115,000 & \$ 75,000 \\\$ 55,000 & \$ 75,000\end{array}\begin{array} { l } \text { Net Income } & \text { Stockholders} \\\text { (Loss) } & \text { Equity } \\\\\$ 10,000 & \$ 75,000 \\ (\$ 30,000) & \$ 100,000\\\\ \$ 19,000 &\$ 79,000 \end{array}\end{array}$

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Definitions:

Hepatic Vein

A vein that drains de-oxygenated blood from the liver into the inferior vena cava.

Axillary Vein

A vein that conveys blood from the lateral aspect of the thorax, armpit, and upper limb toward the heart.

Inferior Vena Cava

A large vein carrying deoxygenated blood from the lower body to the heart.

Superior Vena Cava

A large vein that carries deoxygenated blood from the upper body to the heart.