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K Summarized versions of Calabasa Corporation's financial statements for two recent years are as follows. (Click the icon to view the financial statements.) Requirement
K Summarized versions of Calabasa Corporation's financial statements for two recent years are as follows. (Click the icon to view the financial statements.) Requirement 1. Complete Calabasa Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to m calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) Income Statement. 2022 2021 (in Thousands) Revenues $ 14,750 Cost of goods sold 11,100 1,300 1,200 Other expenses Income before income taxes. 1,520 1,870 655 Income taxes (35%) Net income Statement of Retained Earnings Beginning balance Net income Dividends Ending balance Balance Sheet Assets Cash $ 2,680 (92) (70)
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