Let’s put all the pieces together now. Suppose that you are analyzing Martin Company. You know that at the beginning of the year, the assets equaled $390,000 and the liabilities equaled $214,500. During the year, assets increased by $58,500 and equity increased by $90,675. The change in equity includes all increases and decreases. Further analysis reveals that the changes in equity were caused by revenues of $272,025 and expenses totaling $136,890 during the year. Because of your understanding of the accounting equation, you realize that distributions (dividends) to the stockholders must have also occurred during the year. However, you must Beginning equity + Revenues – Expenses – Owner distributions = Ending equity When one of the elements is unknown, you must rearrange the equation to isolate the unknown element. In this case, stockholders\’ distributions must be isolated.’)” >determine the amountfor those distributions. What is the amount of distributions made to the owner of Martin Company during the year? $ Complete the equation below with amounts for the end of the year. Assets = Liabilities + Equity $ = $ + $
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