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Marta Communications, Inc. has provided incomplete financial statements for the month ended March 3 1 . The Controller has asked you to help calculate the
Marta Communications, Inc. has provided incomplete financial statements for the month ended March The Controller has asked you to help calculate the missing amounts in the incomplete financial statements. Use the information included in the Excel Simulation and the Excel functions described below to complete the task.
1 Presented below are incomplete financial statements for Marta Communications, Inc. 2 3 Required: 4 Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on 5 another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus 6 indicating the relationship between the two statements. 7 8 9 MARTA COMMUNICATIONS, INC. Income Statement 10 For the Month Ended March 31, 20X1 11 Sales Revenues $34,500 12 Expenses: 13 Rent Expense 2,600 14 Wages Expense 15 Utilities Expense 4,800 16 Income Tax Expense 800 17 Net income $4,100
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