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Income Statement SUB Revenues Expenses: Salaries Rent Advertising Net income INST Statement of Stockholders' Equity Common Retained Stock Earnings Beginning $15,000 Issuances Net income Dividends

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Income Statement SUB Revenues Expenses: Salaries Rent Advertising Net income INST Statement of Stockholders' Equity Common Retained Stock Earnings Beginning $15,000 Issuances Net income Dividends Ending $18,000 $11,000 5,000 7.000 (b) c99 2010 Scanton Corporation $5,000 Assets: Cash Supplies Land Buildings Balance Sheet Liabilities: $6,000 Accounts payable Stockholders' Equity: 7,000 Common Stock 14.000 Retained Earnings Total liabilities and stockholders' (f equity ALL RIGHTS RESERVED G & Total assets Final answers: . a)_26,000 b) 3,000 c) 3,000 d 2.000 Income Statement SUB Revenues Expenses: Salaries Rent Advertising Net income INST Statement of Stockholders' Equity Common Retained Stock Earnings Beginning $15,000 Issuances Net income Dividends Ending $18,000 $11,000 5,000 7.000 (b) c99 2010 Scanton Corporation $5,000 Assets: Cash Supplies Land Buildings Balance Sheet Liabilities: $6,000 Accounts payable Stockholders' Equity: 7,000 Common Stock 14.000 Retained Earnings Total liabilities and stockholders' (f equity ALL RIGHTS RESERVED G & Total assets Final answers: . a)_26,000 b) 3,000 c) 3,000 d 2.000

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