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End of Chapter Exercise 1.5 Below are incomplete financial statements for Road Ltd. Calculate the missing amounts. Assets Cash Inventory Property Road Ltd Statement of

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End of Chapter Exercise 1.5 Below are incomplete financial statements for Road Ltd. Calculate the missing amounts. Assets Cash Inventory Property Road Ltd Statement of financial position Liabilities and equity. $11,250 Liabilities 14,860 Accounts payable 81,120 Equity $25,550 Contributed equity (a) Retained earnings Total liabilities and equity Total assets $107,230 (b) $107,230 Statement of profit or loss Revenues Cost of sales Administrative expenses, including tax $208,660 (c) 14,640 Profit (d) Statement of changes in equity Reginning retained earnings $13,150 Statement of profit or loss Revenues $208,660 Cost of sales Administrative expenses, including tax (c) 14,640 Profit (d) Statement of changes in equity Beginning retained earnings $13,150 Profit Dividends Ending retained earnings (e) (7,280) $44,750 Click if you would like to Show Work for this question: Open Show Work

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