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Here are incomplete financial statements for Wildhorse, Inc. Calculate the missing amounts. WILDHORSE, INC. Balance Sheet Assets Cash Inventory Buildings $4,400 11,200 42,000 Liabilities and
Here are incomplete financial statements for Wildhorse, Inc. Calculate the missing amounts. WILDHORSE, INC. Balance Sheet Assets Cash Inventory Buildings $4,400 11,200 42,000 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' equity $5,500 Common stock Retained earnings Total assets $57,600 Total liabilities and stockholders' equity $57,600 Income Statement Revenues $88,500 Cost of goods sold Administrative expenses 10,500 Net income Retained Earnings Statement Beginning retained earnings $10,900 Net income Dividends 4,400 $24,600 Ending retained earnings
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