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Calculate the missing amounts. Cash Inventory Buildings Total assets Liabilities Accounts payable Stockholders' Equity SANDHILL CO. Balance Sheet Assets Liabilities and Stockholders' Equity Common stock
Calculate the missing amounts. Cash Inventory Buildings Total assets Liabilities Accounts payable Stockholders' Equity SANDHILL CO. Balance Sheet Assets Liabilities and Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity $ 12,000 15,000 40,000 $67,000 $5,800 (a) (b) $67,000 Revenues Cost of goods sold SANDHILL CO. Income Statement Salaries and wages expense Net income GA $ SANDHILL CO. Retained Earnings Statement $84,200 (c) 10,430 (d) Beginning retained earnings Add: Net income $17,000 (e) Less: Dividends 4,610 Ending retained earnings $32,000
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