Let’s put all the pieces together now. Suppose that you are analyzing Martin Company. You know… 1 answer below »Let’s put all the pieces together now. Suppose that you are analyzing Martin Company. You know… 1 answer below »

Let's put all the pieces together now. Suppose that you are analyzing Martin Company. You know that at the beginning of the year, the assets equaled $370,000 and the liabilities equaled $203,500. During the year, assets increased by $55,500 and equity increased by $86,025. The change in equity includes all increases and decreases. Further analysis reveals that the changes in equity were caused by revenues of $258,075 and expenses totaling $129,870 during the year. Because of your understanding of the accounting equation, you realize that distributions (dividends) to the stockholders must have also occurred during the year. However, you mustdetermine the amount for those distributions. What is the amount of distributions made to the owner of Martin Company during the year?
Complete theequation below with amounts for the end of the year.