1 Homework i Saved Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. 5:49 CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ 12,700 Rent 6,700 Advertising 4,700 Net income es CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Total Common Retained Stock Stockholders Earnings Equity $ 13,700 $ 6,700 $ 20,400 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 4,700 4,700 $ 16,400 $ 7,700 $ 24,100 Assets Cash $ CYCLONE, INC. Balance Sheet Dec. 31, 2021 Liabilities 1,100 Accounts payable Stockholders' Equity 5,700 Common stock 15,700 Retained earnings Total liabilities and stockholders' equity $ 3,700 Supplies Land Building Total assets