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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