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Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet...

Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash $ 12,100 Inventory 15,100 Buildings 39,900 Total assets $67,100 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 6,000 Stockholders' Equity Common stock enter a dollar amount (a) Retained earnings enter a dollar amount (b) Total liabilities and stockholders' equity $67,100 DONAVAN, INC. Income Statement Revenues $84,300 Cost of goods sold enter a dollar amount (c) Salaries and wages expense 10,290 Net Income $enter a dollar amount (d) DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $17,100 Add: Net income enter a dollar amount (e) Less: Dividends 4,780 Ending retained earnings $32,100

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ekkarill92 answered 2 years ago
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