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Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash $ 14,900 Inventory 17,900 Buildings 37,100 Total

Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts.

DONAVAN, INC. Balance Sheet

Assets

Cash $ 14,900

Inventory 17,900

Buildings 37,100

Total assets $69,900

Liabilities and Stockholders' Equity

Liabilities

Accounts payable $ 6,000

Stockholders' Equity

Common stock (a)

Retained earnings (b)

Total liabilities and stockholders' equity $69,900

DONAVAN, INC. Income Statement

Revenues $84,200

Cost of goods sold (c)

Salaries and wages expense 10,260

Net Income $ (d)

DONAVAN, INC. Retained Earnings Statement

Beginning retained earnings $19,900

Add: Net income (e)

Less: Dividends 4,060

Ending retained earnings $34,900

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