Using the data given below, calculate the income from unknown sources for years 2 and 3 respectively. Year 1 Year 2 Year 3 Total Assets $252,000 $266,000 $309,000 Total Liabilities 244,000 134,000 64,000 Known Income 30,000 69,000 74,000 Total Living Expenses 17,500 10,800 8,800
a. (i) -3,200; -26,200
b. (i) 65,800; 47,800
c. (i) 76,600; 56,600
d. (i) 69,000; 74,000
b
FEEDBACK: a. Incorrect.
b. Correct.
c. Incorrect.
d. Incorrect.
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