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Each of the following independent companies is missing numerical data. Required: Use your knowledge of the financial statemen

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Answer #1
Vanila CO.
Total Expense= Total Revenue-Net Incom
=61400-20700= $40700
Total Asset= Total Liabilities+ Shareholder Equit
=34400+67400=101800
Cocolate Inc..
Total Revenue = Total Expense +Net Income/ (Loss)
=107000-27200= $79800
Total Liabilities= Total Asset - Shareholder Equit
=132800-39400= $93400
Strawber Co...
Net Income = Total Revenue- Totl Expense
=31400-10700= $20700
Shareholder Equity = Total Asset - Total Liabilities
=61400-40700= $20700
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