Below are incomplete financial statements for Pickard, Incorporated. Calculate the missing amounts.

• Income Statement
• Stmt of Stk Equity
• Balance Sheet

Calculate the missing amounts.

PICKARD, INCORPORATED
Income Statement
Year ended December 31, 2024
Revenues	$43,000
Expenses:
Salaries
Advertising	7,800
Utilities	4,800
Net income

• Income Statement
• Stmt of Stk Equity
• Balance Sheet

Calculate the missing amounts.

PICKARD, INCORPORATED
Balance Sheet
December 31, 2024
Assets		Liabilities
Cash	$5,800	Accounts payable
Accounts receivable	3,800	Stockholders' Equity
Supplies	9,800	Common stock
Equipment	10,800	Retained earnings
Total assets	$30,200	Total liabilities and stockholders' equity

• Income Statement
• Stmt of Stk Equity
• Balance Sheet

• Calculate the missing amounts.

  PICKARD, INCORPORATED
  Statement of Stockholders' Equity
  Year ended December 31, 2024
  	Common Stock	Retained Earnings	Total Stockholders' Equity
  Beginning balance	$10,800	$7,800	$18,600
  Issuances	4,800		4,800
  Add: Net income
  Less: Dividends		(3,800)	(3,800)
  Ending balance	$15,600	$9,800	$25,400