Answer:
Assets = Liabilities + Common Stock + Beginning Retained Earnings + Revenues - Expenses - Dividends
Explanation:
Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below: Â
Total assets = Total liabilities + stockholder equity Â
The debit and credit side of the balance sheet should always be equal and balanced. Â
Moreover, it always is prepared on the specified date.
The more appropriate accounting equation is shown below:
Assets = Liabilities + Common Stock + Beginning Retained Earnings + Revenues - Expenses - Dividends
The ending balance of retained earnings = Beginning Retained Earnings + Revenues - Expenses - Dividends
All other information which is given is not relevant. Hence, ignored it