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Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries

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Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries Rent $ 12,300 6,300 4,300 Advertising Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity $ 19,600 $ 13,300 $ 6,300 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 4,300 4,300 $ 15,600 $ 7,300 $ 22,900 Assets CYCLONE, INC. Balance Sheet Dec 31, 2021 Liabilities 1,000 Accounts payable Stockholders' Equity 5,300 Common stock 15,300 Retained earnings Total liabilities and stockholders' equity $ Cash Supplies Land Building Total assets 3,300

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