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Below are incomplete financial statements for Riley. Incorporated. Required: Calculate the missing amounts. RILEY, INCORPORATED Income Statement Year ended December 31, 2024 S Revenues
Below are incomplete financial statements for Riley. Incorporated. Required: Calculate the missing amounts. RILEY, INCORPORATED Income Statement Year ended December 31, 2024 S Revenues Expenses Salaries Advertising Utilities Net income () 35,000 517 5,200 3,200 Beginning balance Issuances Add: Net income Less: Dividends Ending balance RILEY, INCORPORATED Statement of Stockholders' Equity Year ended December 31, 2024 Common Stock 5 69 $ 9,200 1,200 Retained Earnings S 10,400 S Total Stockholders' Equity 6,200 S (2,200) 9,200 S 15,400 1,200 (2,200) 19,600 Cash Accounts receivable Supplies Equipment Total assets Assets $ $ RILEY, INCORPORATED Balance Sheet December 31, 2024 3,200 Accounts payable 2,200 8,200 Common stock 9,200 Retained earnings 22,800 Liabilities Stockholders' Equity Total liabilities and stockholders' equity
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