Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts? BULLDOG, INC. Income Statement

Below are incomplete financial statements for Bulldog, Inc.

Required:
Calculate the missing amounts?

Transcribed Image Text:

BULLDOG, INC. Income Statement BULLDOG, INC Statement of Stockholders' Equity Common Retained Total Revenues 34,000 Stock Earnings S. Equity Beginning balance 9,000 $6,000 $15,000 1,000 Salaries (a) Issuances 1,000 Advertising 5,000 Add: Net income Utilities 3,000 Less: Dividends (2,000) (2,000) Net income ) Ending balance $10,000 9000 $19,000 BULLDOG, INC. Balance Sheet Assets Liabilities Cash Accounts receivable Supplies Equipment Accounts payable S 3,000 2,000 8,000 9,000 Stockholders' Equity Common stock Retained earnings 0 Total liabilities and stockholders' equity Total assets 22,000