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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

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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 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 $32,300

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