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

Below are incomplete financial statements for Bulldog, Inc.

Required:Calculate the missing amounts.

Transcribed Image Text:

BULLDOG, INC. BULLDOG, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Income Statement Year ended Dec. 31, 2021 Common Retained Total Stk. $39,000 Revenues Stock Earnings Equity Expenses: $10,000 Beginning balance $7,000 $17,000 Salaries (a) Issuances 1,100 1,100 Advertising 6,000 Add: Net income (c) (c) Utilities 4,000 (b) Less: Dividends (3,000) $10,000 (3,000) $21,100 Ending balance Net income $11,100 BULLDOG, INC. Balance Sheet Dec. 31, 2021 Assets Liabilities $ 4,000 Accounts payable Cash (d) Accounts receivable 3,000 Stockholders' Equity 9,000 Supplies Equipment Common stock (e) 10,000 Retained earnings (f) Total liabilities and stockholders' equity Total assets $26,000