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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:
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 $ 12,000 Rent 6,000 4,000 Advertising Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Retained Total Stockholders' Stock Earnings Equity Beginning balance Issuances of stock $ 13,000 $ 6,000 $ 19,000 Add: Net income 4,000 4,000 Less: Dividends Ending balance $ 15,000 $ 7,000 $ 22,000
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