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Items from the 2015 income statement, statement of retained earnings, and balance sheet of Activision Blizzard, Inc., are listed below in alphabetical order. Solve for the missing amounts. (Loss amounts should be indicated with a minus sign.)

Activation Blizzard, Inc
Common Stock $3180
Dividends 130
Net Income (Loss)
Retained Earnings, Beginning of Year 3614
Retained Earnings, End of Year 5047
Total Assets 15,584
Total Expenses
Total Liabilities 7,357
Total Revenues 4,567

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Answer and Explanation:

The computation of the missing amounts are shown below:

Common Stock $3,180  

Dividends $130  

Net income (loss) $1,563 (($5,047 - $3,614) + $130)  

Retained earnings, beginning of year $3,614  

Retained earnings, end of year $5,047  

Total assets $15,584  

Total expenses $3,004  ($4,567 - $1,563)  

Total liabilities $7,357  

Total revenues $4,567

  • The calcuation of the missing amounts are as follows:

Common Stock $3,180  

Dividends $130  

Net income (loss) $1,563 (($5,047 - $3,614) + $130)  

Retained earnings, beginning of year $3,614  

Retained earnings, end of year $5,047  

Total assets $15,584    

Total expenses $3,004  ($4,567 - $1,563)  

Total liabilities $7,357  

Total revenues $4,567

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