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Exercise 1-13 Here are incomplete financial statements for Wildhorse Co.. Calculate the missing amounts. WILDHORSE CO. Balance Sheet Assets Cash $28,800 Supplies (a) Equipment (net)

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Exercise 1-13 Here are incomplete financial statements for Wildhorse Co.. Calculate the missing amounts. WILDHORSE CO. Balance Sheet Assets Cash $28,800 Supplies (a) Equipment (net) 63,300 (b) Total assets $ Liabilities and Stockholders' Equity Liabilities Notes payable $23,800 Stockholders' Equity Common stock 36,100 Retainer warninne Labircies ASS RES $23,800 Notes payable Stockholders' Equity Common stock 36,100 Retained earnings (c) Total liabilities and stockholders' equity (d) UIGI OLIO E SOLD WILDHORSE CO. Income Statement Revenues $53,000 Depreciation expense Salaries and wages expense Interest expense 11,100 1,300 Net Income $25,600 WILDHORSE CO. Retained Earnings Statement ASS RES Salaries and wages expense Interest expense 11,100 1,300 Net income $25,600 WILDHORSE CO. Retained Earnings Statement ULEIUL-OW Blo 1 Beginning retained earnings (f) 7 (9) Add: Net income Less: Dividends Ending retained earnings 6,000 $36,200 Click if you would like to Show Work for this question: Open Show Work

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