Balance Sheet Assets Cash Inventory Building $ 8,000 22,000 40,000 $%70,000 Total assets Liabilities Accounts payable $7,000 Equity Contributed capital Retained earnings Total liabilities & equity $70,000 Income Statement Service revenue Salaries expense Utilities expense Net income $90,000 20,000 S (d) Statement of Retained Earnings Retained earnings, beginning balance Net income Dividends Retained earnings, ending balance $20,000 10,000 $60,000 Required: Calculate the missing amounts