INSTRUCTIONS: On the following page are the incomplete sets financial statements for Ramiriz Agency Inc. 1) Determine the missing amounts for December's Income Statement, December's Statement of Shareholders' Equity and the Balance Sheet as of December 31. (a) thru (0) 2) Determine the missing amounts for January's Income Statement, January's Statement of Shareholders' Equity and the Balance Sheet as of January 31. (j) thru (v) Ramirez Agency, Inc. Income Statement December 2019 17,000 Ramirez Agency, Inc. Statement of Shareholder's Equity December 2019 Total Common Retained Owners' Stock Earnings Equity Beginning Balances on Dec. 1, 2019 14,000 25,000 39,000 New Owner Investment 41,000 n/a 41,000 Add(subtract): Net Income (loss) for the Perioc n/a (C) (C) Less: Dividends n/a (3,000) (3,000) Ending Balances Dec 31, 2019 55,000 32,000 87.000 Revenue: Commissions Earned Expenses: Rent Expense Wages Expense Utilities Expense Total Operating Expenses Net Income 1,500 (a) 500 7,000 (b) (e) 15,000 ASSETS: Cash A/R Supplies Land Building Ramirez Agency, Inc. Balance Sheet as of December 31, 2019 LIABILITIES: (d) A/P 20,000 Loan Payable 1,000 Total Liabilities 27,000 STOCKHOLDER'S EQUITY: 50,000 Common Stock Retained Earnings Total Stockholder's Equity 103,000 Total SE & Liabilities Total Assets 87,000 0 Ramirez Agency, Inc. Income Statement January 2020 () Revenue: Commissions Earned Expenses: Rent Expense Wages Expense Utilities Expense Total Operating Expenses Net Income Ramirez Agency, Inc. Statement of Shareholder's Equity January 2020 Common Retained Owners' Stock Earnings Equity Beginning Balances on Jan 1, 2020 (1) (m) (n) New Owner Investment Add(subtract): Net Income(loss) for the Periocn/a 18,000 18,000 Less: Dividends n/a (0) (0) Ending Balances Jan. 31, 2020 55,000 46,000 101,000 2,000 7,300 700 10,000 1,500 ASSETS: Cash A/R Supplies Land Building Ramirez Agency, Inc. Balance Sheet as of January 31, 2020 LIABILITIES: 7,000 A/P 19,500 Loan Payable (p) Total Liabilities 27,000 STOCKHOLDER'S EQUITY: 60,000 Common Stock Retained Earnings Total Stockholder's Equity a) Total SE & Liabilities 14,000 Teles Total Assets >