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Here are incomplete financial statements for Carla Vista Co.. Calculate the missing amounts. CARLA VISTA CO. Balance Sheet Assets Cash $29,100 Supplies 34600 (a) Equipment
Here are incomplete financial statements for Carla Vista Co.. Calculate the missing amounts. CARLA VISTA CO. Balance Sheet Assets Cash $29,100 Supplies 34600 (a) Equipment (net) 63,700 Total assets 127400 (b) $ Liabilities and Stockholders' Equity Liabilities Notes payable $22,000 Stockholders' Equity Common stock 37,100 Retained earnings (c) Total liabilities and stockholders' equity $ (d) CARLA VISTA CO. Income Statement $55,500 Revenues Depreciation expense (e) CARLA VISTA CO. Income Statement $55,500 Revenues Depreciation expense Salaries and wages expense 11,100 Interest expense 1,700 Net income $26,200 CARLA VISTA CO. Retained Earnings Statement Beginning retained earnings $ Add: Net income (g) Less: Dividends 6,000 Ending retained earnings $36,600
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