In: Accounting
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