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Below are incomplete financial statements for Road Ltd. Calculate the missing amounts. Road Ltd Statement of financial position Assets Liabilities and equity Cash $11,490 Liabilities

Below are incomplete financial statements for Road Ltd. Calculate the missing amounts.

Road Ltd Statement of financial position

Assets

Liabilities and equity

Cash $11,490 Liabilities
Inventory 15,190 Accounts payable $24,430
Property 82,260 Equity
Contributed equity

(a)
Retained earnings

(b)
Total assets $108,940 Total liabilities and equity $108,940

Statement of profit or loss

Revenues $180,050
Cost of sales

(c)
Administrative expenses, including tax 14,010
Profit $

(d)

Statement of changes in equity

Beginning retained earnings $12,910
Profit

(e)
Dividends (7,430)
Ending retained earnings $52,260

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