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Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets 12,000 15,000 40,000

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Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets 12,000 15,000 40,000 $67,000 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity Common stock 5,000 Retained earnings Total liabilities and stockholders' equity$67,000 DONAVAN, INC. Income Statement Revenues $84,000 Cost of goods sold Salaries and wages expense 10,000 Net Income DONAVAN, INC Retained Earnings Statement Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets 12,000 15,000 40,000 $67,000 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity Common stock 5,000 Retained earnings Total liabilities and stockholders' equity$67,000 DONAVAN, INC. Income Statement Revenues $84,000 Cost of goods sold Salaries and wages expense 10,000 Net Income DONAVAN, INC Retained Earnings Statement

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