Determining Total Assets, Total Liabilities From a Financial Statement with Missing Values I at a loss trying to figure out the total assets and liabilities from what is given. K-Os Corporation Beginning of year Total assets $66,410 Total liabilities 31,080 Total shareholders’ equity 35,330 End of year Total assets $[1] Total liabilities 65,090 Total shareholders’ equity [9] Changes during year in shareholders’ equity Issue of shares 4,130 Dividends 13,640 Total revenues 54,610 Total expenses 40,410

**Hint** : Remember the formula: _assets = liabilities + equity_

Then note you have been given four items that change equity. So you need to figure out the sign of the change for each of the four items to get equity, and then apply the formula to get assets.