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And explain how you got the asnwers. Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts DONAVAN, INC. Balance Sheet Assets Cash
And explain how you got the asnwers.
Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets $12,300 15,300 39,700 $67,300 Liabilities and Stockholders' Equity Liabilities $5,500 Accounts payable Stockholders' Equity Common stock Retained earnings Total liabities and stockholders' equity $67,300 DONAVAN, INC. Income Statement Revenues $85,900 Cost of goods sold Salaries and wages expense 10,310 Net Income DONAVAN, INC. Retained Earnings Statement $17,300 Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings 4,160 $32,300Step by Step Solution
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