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Cash Supplies Land Building v Screen Shot 20... Q a Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE,
Cash Supplies Land Building v Screen Shot 20... Q a Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Expenses: Salaries Rent $ 12,700 Common Stock Retained Earnings 6,700 Total Stockholders' Equity Advertising 4,700 Beginning balance $ 13,700 $ 6,700 $ 20,400 Net income Issuances of stock Add: Net income 4,700 4,700 Screen Shot 2022-06 Less: Dividends Ending balance $ 16,400 $ 7,700 $ 24,100 Total assets CYCLONE, INC. Balance Sheet Dec. 31, 2021 Assets Liabilities $ 1,100 Accounts payable $ 3,700 Stockholders' Equity 5,700 Common stock 15,700 Retained earnings Total liabilities and stockholders' equity
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