Respuesta :
Answer:
See the explanation below.
Explanation:
Given the following;
                    Pittman     Rose    Beckman    Jaffe
December 31, 2014:
Assets                $80,000  $100,000      g     $150,000
Liabilities               50,000      d      $75,000       j
Equity                     a      60,000    45,000    90,000
December 31, 2015:
Assets                     b      130,000   180,000      k
Liabilities                55,000    62,000       h      80,000
Equity                   45,000       e      110,000   145,000
During 2015:
Total revenues               c      400,000      i      500,000
Total expenses           330,000       f      360,000     l
we have:
For Pittman
a = $80,000 - 50,000 = $30,000
b = $55,000 + 45,000 = $100,000
2015 Profit = 2015 Equity - 2014 Equity = $45,000 - $30,000 = $15,000
c = 2015 Profit + 2015 Total expenses = $15,000 + $330,000 = $345,000
For Rose
d = $100,000 - $60,000 = $40,000
e = $130,000 - $62,000 = $68,000
2015 Profit = $68,000 - $60,000 = $8,000
f = $400,000 - $8,000 = $392,000
For Beckman
g = $75,000 + $45,000 = $120,000
h = $180,000 - $110,000 = $70,000
2015 Profit = $110,000 - $45,000 = $65,000
i = $360,000 + $65,000 = $425,000
For Jaffe
j = $150,000 - $90,000 = $60,000
k = $80,000 + $145,000 = $225,000
2015 Profit = $145,000 - $90,000 = $55,000
l = $500,000 - $55,000 = $445,000
