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Here are incomplete financial statements for Ivanhoe Company. Calculate the missing amounts. IVANHOE COMPANY Balance Sheet Assets Cash $ 14,200 Inventory 17,200 Buildings 37,800 Total

Here are incomplete financial statements for Ivanhoe Company. Calculate the missing amounts.

IVANHOE COMPANY Balance Sheet

Assets

Cash

$ 14,200

Inventory

17,200

Buildings

37,800

Total assets

$69,200

Liabilities and Stockholders' Equity

Liabilities

Accounts payable

$ 5,700

Stockholders' Equity

Common stock

enter a dollar amount

(a)

Retained earnings

enter a dollar amount

(b)

Total liabilities and stockholders' equity

$69,200

IVANHOE COMPANY Income Statement

Revenues

$84,900

Cost of goods sold

enter a dollar amount

(c)

Salaries and wages expense

10,070

Net income

$enter a dollar amount

(d)

IVANHOE COMPANY Retained Earnings Statement

Beginning retained earnings

$19,200

Add: Net income

enter a dollar amount (e)

Less: Dividends

4,950

Ending retained earnings

$34,200

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