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Calculate the income statement of the gathering sound

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Question 1: Calculate missing information using knowledge of the Accounting equation, I: Below is some selected information from the income statement and balance sheet of The Gathering Sound, Ltd. Calculate the missing amounts. Assume that is the end of the first full year of operations for The Gathering Sound.

Total Revenues                          $435,210

Total Expenses                                ???

Net Income (Loss)                        $15,879

Total Assets                                $209,113

Total Liabilities                              $184,750

Stockholders' Equity                                $???

Reference no: EM132475968

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