2 1 Solve for the missing amounts and understand how the financial statements are linked. O 5 points FLE HOME Relationis imong Financial Statemente PAGE LAYOUT FORMULAS TUTA VIW INSERT Sep Cab - Patte Alignment Number Conditional Format Formatting Tables Celson Print Font Al Presented below are incomplete financial statements for Marta Communication, c D Presented below are incomplete financial statements for Marta Communications, Inc. 2 3 Required: 4 Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on 5 another statement, you MUST reference the cell from the earlier statement rather than cakulate the amount, thus indicating the relationship between the two statements 2 5 MARTA COMMUNICATIONS, INC 9 Income Statement 10 For the Month Ended March 31, 20X1 11 Sales Revenues $34,500 12 Expenses 13 Rent Expense 2,600 14 Wages Expense 15 Unies Expense 4.500 2 5 points doo 17 Net income 54,100 18 19 20 MARTA COMMUNICATIONS, INC. 21 Statement of Retained Earnings 22 For the Month Ended March 31, 20X1 23 Retained Earnings, March 1, 20X1 SO 24 Add: Net income 25 Subtract: Dividends (500) 26 Retained Earnings, March 31, 20X1 27 28 29 MARTA COMMUNICATIONS, INC 30 Balance Sheet 31 At March 31, 20x1 32 Assets Uabilities 33 Cash $3,400 Accounts payable 34 Accounts receivable Stockholders' Equity 35 Office supplies 2,300 Common stock 36 Land 12.000 Retained earnings 37 Total Assets Total Labilities and Stockholders' Equity 38 39 Print References 56,800 14,000 40 Sheet1 HE 100 READY Attempt(s)