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

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

DONAVAN, INC. Balance Sheet

Assets

Cash

$ 14,100

Inventory

17,100

Buildings

37,900

Total assets

$69,100

Liabilities and Stockholders' Equity

Liabilities

Accounts payable

$ 5,200

Stockholders' Equity

Common stock

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(a)
Retained earnings

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(b)

Total liabilities and stockholders' equity

$69,100

DONAVAN, INC. Income Statement

Revenues

$85,800

Cost of goods sold

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(c)
Salaries and wages expense

10,400

Net Income

$

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(d)

DONAVAN, INC. Retained Earnings Statement

Beginning retained earnings

$19,100

Add: Net income

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(e)

Less: Dividends

4,710

Ending retained earnings

$34,100

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