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AR-5: Links among financial statements; missing amounts Below are incomplete financial statements for Pickard, Incorporated. Calculate the missing amounts. Income Statement Stmt of stk Equity
AR-5: Links among financial statements; missing amounts Below are incomplete financial statements for Pickard, Incorporated. Calculate the missing amounts. Income Statement Stmt of stk Equity Balance Sheet Calculate the missing amounts. PICKARD, INCORPORATED Income Statement Year ended December 31, 2024 Revenues $ 37,000 Expenses: Salaries Advertising 6,600 Utilities 3,600 Net income Income Statement Stmt of Stk Equity > BA Below are incomplete financial statements for Pickard, Incorporated. Calculate the missing amounts. Income Statement Stmt of stk Equity Balance Sheet Calculate the missing amounts. PICKARD, INCORPORATED Statement of Stockholders' Equity Year ended December 31, 2024 Total Common Retained Stockholders' Stock Earnings Equity $ 9,600 $ 6,600 $ 16,200 3,600 3,600 Beginning balance Issuances Add: Net income Less: Dividends Ending balance (2,600) 8,600 $ (2,600) 21,800 $ 13,200 $ Review Homework 6 Saved -.- Help *** Below are incomplete financial statements for Pickard, Incorporated Calculate the missing amounts. Income Statement Stmt of stk Equity Balance Sheet Calculate the missing amounts. Assets $ Cash Accounts receivable Supplies Equipment Total assets PICKARD, INCORPORATED Balance Sheet December 31, 2024 Liabilities 4,600 Accounts payable 2,600 Stockholders' Equity 8,600 Common stock 9,600 Retained earnings 25,400 Total liabilities and stockholders' equity $
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