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Exercise 1-12 Here are incomplete financial statements for Carla Vista Co.. Calculate the missing amounts. CARLA VISTA CO. Balance Sheet Cash Inventory Buildings Total

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Exercise 1-12 Here are incomplete financial statements for Carla Vista Co.. Calculate the missing amounts. CARLA VISTA CO. Balance Sheet Cash Inventory Buildings Total assets Assets $ 13,700 16,700 38,300 $68,700 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity Common stock $5,200 (a) Retained earnings (b) Total liabilities and stockholders' equity $68,700

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