I need to reference the cell from the earlier statement rather than calculate the amount
this is the previous table which is the rest of the excercise
1. Solve for the missing amounts and understand how the financial statements are linked. Sign In OBS. Relationships among Financial Statements - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW % Calbei -11 A = Paste B IU. E. S.A. Alignment Number Conditional Format as Cell Formatting" Table Styles" Clipboard Foto Styles B34 Cells Editing MARTA COMMUNICATIONS, INC. Statement of Retained Earnings For the Month Ended March 31, 20X1 23 Retained Earnings, March 1, 20XI 24 Add: Net income 25 Subtract: Dividends 26 Retained Earnings, March 31, 20X1 $0 4,100 (500) $3,600 MARTA COMMUNICATIONS, INC Balance Sheet $3.400 $6.800 32 Assets 33 Cash 34 Accounts receivable 35 Office supplies 36 Land 37 Total Assets 2.300 12.000 Liabilities Accounts payable Stockholders' Equity Common stock Retained earnings Total Liabilities and Stockholders' Equity 14 000 3,600 MacBook Air # de w 7 8 9 Presented below are incomplete financial statements for Marta Communications, Required: Solve for the missing amounts. NOTE: When an amount on one financial stateme another statement, you MUST reference the cell from the earlier statement rather indicating the relationship between the two statements. MARTA COMMUNICATIONS, INC. Income Statement For the Month Ended March 31, 20X1 Sales Revenues $34,500 Expenses: Rent Expense 2,600 Salaries Expense 22,200 Utilities Expense 4,800 Income Tax Expense 800 Net income $4,100 MARTA COMMUNICATIONS, INC. Statement of Stockholders' Equity For the Month Ended March 31, 20X1 Common Stock Retained Earnir $0 $14,000 Beginning Balance (March 1, 20x1) Issuance of common stock Add: Net income for March Less: Dividends Ending Balance (March 31, 20x1) $14,000 I Assets Cash Accounts receivable Supplies Land Total Assets MARTA COMMUNICATIONS, INC. Balance Sheet At March 31, 20x1 Liabilities $3,400 Accounts payable Stockholders' Equity 2,300 Common stock 12,000 Retained earnings Total Liabilities and Stockho