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Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings $ 13,700 16,700 38,300 Total
Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings $ 13,700 16,700 38,300 Total assets $68,700 Liabilities and Stockholders' Equity Liabilities $ 5,200 Accounts payable Stockholders' Equity Common stock (a) Retained earnings (b) Total liabilities and stockholders' equity $68,700 DONAVAN, INC. Income Statement $84,400 Revenues Cost of goods sold (C) Salaries and wages expense 10,130 Net Income $ (d) DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $18,700 Add: Net income (e) Less: Dividends 5,000 Ending retained earnings $33,700
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