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Here are incomplete financial statements for Ivanhoe Company. Calculate the missing amounts. Liabilities and Stockholders' Equity Liabilities Notes payable $ 23,500 Stockholders' Equity Common stock

image text in transcribedimage text in transcribedHere are incomplete financial statements for Ivanhoe Company. Calculate the missing amounts. image text in transcribedimage text in transcribed

Liabilities and Stockholders' Equity Liabilities Notes payable $ 23,500 Stockholders' Equity Common stock 36,200 Retained earnings (c) Total liabilities and stockholders' equity $ (d) Calculate the missing amounts. IVANHOE COMPANY Balance Sheet Assets Cash $ 28,800 Supplies (a) Equipment (net) 63,900 Total assets $ (b) Liabilities and Stockholders' Equity IVANHOE COMPANY Income Statement Revenues $ 51,500 Depreciation expense (e) Salaries and wages expense 10,800 Interest expense 1,200 Net income $ 25,100 IVANHOE COMPANY Retained Earnings Statement Beginning retained earnings $ (f) Add: Net income (g) bar Less: Dividends 6,700 Ending retained earnings $ 37,600 TALLI MAS

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