The following three independent sets of financial statements have
1. The following three independent sets of financial statements have several amounts missing. Complete each set of financial statements by determining the amounts that correspond to the letters.
Income Statement Set A Set B Set C
Revenues $5,320 $ 8,600 $ m
Expenses a g 2,010
Net income $ 510 $ h $ n
Statement of Owner’s Equity
Beginning balance $1,780 $15,400 $ 200
Net income b i 450
Less withdrawals c 1,000 o____
Ending balance $ d $16,000 $ p
Balance Sheet
Total assets $ e $ j $1,900
Liabilities $ f $ 2,000 $1,300
Owner’s equity
Owner’s capital 2,100 k q____
Total liabilities and owner’s equity $2,700 $ l $ r
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