hello, i was wandering if someone could help me figure out how much revenue this company made for the year.

the only thing given is:
Beginning of Year assets - 125,000
beginning of year liabilities - 65,000

end of year assets - 175,000
end of year liabilities - 55,000

additional issue of capital stock - 25,000
dividends - 8,000
revenue - ?
expenses - 32,000

thank you so much
i know net income - expenses = revenue
? - 32,000 = ?

charity0216

okay i think i might have it
assets - liabilities - capital stock = retained earnings
125,000 - 65,000 - 25,000 = 35,000

then
net income - retained earnings = dividends
60,000 - 35,000 = 25,000

revenue - expenses = net income
32,000 = 60,000

so 60,000 + 32,000 = 92,000

so the revenue would be 92,000?
right?

CaptainForest

BALANCE SHEET BEG OF YEAR:
Beginning of Year assets - 125,000
beginning of year liabilities - 65,000
BEG Owner’s EQUITY = 125,000 – 65,000 = 60,000

BALANCE SHEET END OF YEAR:
end of year assets - 175,000
end of year liabilities - 55,000
END OWNER”S EQUITY = 175,000 – 55,000 = 122,000

Therefore, we know that Owner’s Equity increase by 62,000 during the year (122,000 now compared to 60,000 at the beginning of the year)

We also know that..
additional issue of capital stock - 25,000
dividends - 8,000

Therefore, of the rise of 62,000, 25,000 is do to capital stock, plus there was a decrease of 8,000 for dividends.

Therefore, we know that the Net Income was 62,000 – 25,000 + 8,000 = 45,000

With a Net Income of 45,000, Plus the expenses given at 32,000, we know that the revenues must be 77,000