Exercise 1-12 Here are incomplete financial statements for Cullumber Company. Calculate the missing amounts. CULLUMBER COMPANY Balance Sheet Assets Cash $ 13,300 Inventory 16,300 Buildings 38,700 Total assets $68,300 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 5,300 Stockholders' Equity Common stock Retained earnings (b) Total liabilities and stockholders' equity $68,300 CULLUMBER COMPANY Income Statement $85,800 Revenues Cost of goods sold (0) Common stock (a) Retained earnings (b) Total liabilities and stockholders' equity $68,300 CULLUMBER COMPANY Income Statement $85,800 Revenues Cost goods sold c) Salaries and wages expense 10,140 Net income (d) CULLUMBER COMPANY Retained Earnings Statement Beginning retained earnings $18,300 Add: Net income (e) Less: Dividends 4,870 Ending retained earnings $33,300 LINK TO TEXT