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Below are incomplete financial statements for Benson, Incorporated. Required: Calculate the missing amounts. BENSON, INCORPORATED Income Statement Year ended December 31, 2024 Revenues Expenses: Salaries
Below are incomplete financial statements for Benson, Incorporated. Required: Calculate the missing amounts. BENSON, INCORPORATED Income Statement Year ended December 31, 2024 Revenues Expenses: Salaries Advertising Utilities Net income $ 34,000 5,000 3,000 BENSON, INCORPORATED Statement of Stockholders' Equity Year ended December 31, 2024 Common Stock Retained Farninne Total Stockholders' < Prev 29 of 30 Next * BENSON, INCORPORATED Statement of Stockholders' Equity Year ended December 31, 2024 Common Retained Total Stockholders' Stock Earnings Equity Beginning balance $ 9,000 $ 6,000 $ 15,000 Issuances Add: Net income 1,000 1,000 Less: Dividends (2,000) (2,000) Ending balance $ 10,000 $ 9,000 $ 19,000 BENSON, INCORPORATED Balance Sheet December 31, 2024 Cash Accounts receivable Supplies Equipment Total assets Assets Liabilities $ 3,000 Accounts payable 2,000 Stockholders' Equity 8,000 Common stock 9,000 Retained earnings $ 22,000 Total liabilities and stockholders' equity
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