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Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. YCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries Rent Advertising Net income Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance Cash Supplies Land Building Total assets 12,200 6,200 4,200 CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31 , 2021 Common Stock 13,200 15,400 Retained Earnings 6,200 4,200 7,200 Total Stockholders' CYCLONE, INC. Balance Sheet Dec. 31 2021 Assets quity 19,400 4,200 22,600 Liabilities 1 ,200 5,200 15,200 Accounts payable Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity 3,200
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