Calculate and fill in the correct amounts for all blanks in the 2019 financial statements of Baxter's Bowling Alley. Use your knowledge of the financial statement relationships to verify the accuracy of your statements upon completion Baxter's Bowling Alley Baxter's Bowling Alley Balance Sheet Income Statement As of December 31, 2019 For the Year Ended December 31, 2019 Assets Revenue Sales revenue 175,315 Cash 75,666 Interest revenue 6,600 Accounts receivable 9,370 Total revenue Office supplies 808 Equipment 93,560 Expenses Total Assets Cost of goods sold 65,150 Utilities expense 10,910 Liabilities and Stockholders' Salaries expense 31,200 Equity Supplies expense 16,885 Liabilities: Income tax expense 5,015 Accounts payable 1,655 Total expenses Salaries payable 2,854 Notes payable 13,340 Net income Total liabilities Baxter's Bowling Alley Statement of Stockholders' Equity For the Year Ended December 31, 2019 Stockholder's Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Beginning common stock Common stock issued Ending common stock 40,000 2,000 78,800 Beginning retained earnings Net income Dividends Ending retained earnings Total stockholder's equity Baxter's Bowling Alley Statement of Cash Flows For the Year Ended December 31, 2019 (12,000) Cash flows from operating activities Cash flows from investing activities 24,856 (13,942) 2,990 Cash flows from financing activities Net increase in cash Cash balance on December 31, 2018 Cash balance on December 31, 2019 61,762