E1.5 Carlon et al. (2016) for your convenience is reproduced below. This

question will help you to

understand the relationship between the financial statements and

structure of each. Hint: First find

the links between the statements and start at the bottom and w

ork your way up. If you have worked

through the demonstration problem this should be fairly easy for you.

E1.5 Here are incomplete financial statements for Road Ltd: ROAD LTD Statement of financial position Assets Liabilities and equity Cash $10 500 Liabilities Inventory 15 500 Accounts payable $26 000 Property 80 000 Equity Contributed equity (a) Retained earnings ( b ) Total assets $106 000 Total liabilities and equity $106 000 Statement of profit or loss Revenues $200 000 Cost of sales (c) Administrative expenses, including tax 14 000 Profit $ (d) Statement of changes in equity Beginning retained earnings $ 12 000 Profit (e) Dividends (8 000) Ending retained earnings $45 000 Required Calculate the missing amounts