What was the companys total revenue during the year ended

Reference no: EM13604214

Relationships between financial statement items. Shareholder made new contribution of $25.00 to the company during the year.
• Expenses for year ended Dec 31, 2011 = $625
• Net income for year ended Dec 31, 2011= $415
• Beginning balance (Dec 31, 2010, balance) in retained earnings = $215
• Ending balance (Dec 31, 2011, balance) in retained earnings = $500
• Total liabilities and shareholders' equity at Dec 31,2011 = $875
• Beginning balance (Dec 31, 2010, balance) in total liabilities = $260
• Ending balance (Dec 31, 2011, balance) in total liabilities = $275

1. What was the company's total revenue during the year ended Dec 31, 2011? 2. What was the amount of dividends declared during the year ended Dec 31, 2011?
3. What is the total that owners had invested in Shane and Lane as of Dec 31, 2011?
4. What were total assets on the company's Dec 31, 2011 balance sheet?

Reference no: EM13604214

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