At the beginning of the year Unique Ltd, had total assets of $623,000 and total
liabilities of $349.000.
During the year Unique collected new contributions by owners of $21,000, paid
dividends of $14,000 and had total expenses of $362,000.
At the end of the year Unique has total assets of $672,000 and total equity of
$377,000.
Solve for all the unknown numbers and answer the following questions.
1. What was the company's profit for the period?
2.What was the company's beginning total equity?
3.What was the change in liabilities during the year?
If your answer is a decrease in liabilities, enter your answer as a negative number.
For example, if your answer is a decrease of $1,000, enter -1000
4.What was the company's ending total liabilities?
5. What is the total revenues earned during the year?