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Below are incomplete financial statements for Turek, Incorporated. Required: Calculate the missing amounts. TUREK, INCORPORATED Income Statement Year ended December 31, 2024 Revenues Expenses: Salaries

Below are incomplete financial statements for Turek, Incorporated.

Required:

Calculate the missing amounts.image text in transcribed

image text in transcribed

TUREK, INCORPORATED Income Statement Year ended December 31, 2024 Revenues Expenses: Salaries Advertising Utilities Net income Beginning balance Issuances Add: Net income Less: Dividends Ending balance 30,500 4,300 2,300 TUREK, INCORPORATED Statement of Stockholders' Equity Year ended December 31, 2024 Common Stock 8,300 1 ,200 9,500 Total Retained Stockholders' Earnings 5,300 (1 ,300) 8,300 Equity 13,600 1 ,200 (1 ,300) 17,800

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