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part a,b,c,d,e assessment.edu DONAVAN, INC. Balance Sheet Sex Cash $ 14,900 17,900 Inventory Buildings 37,100 Total assets $69,900 Liabilities and Stockholders' Equity Liabilities Accounts payable

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assessment.edu DONAVAN, INC. Balance Sheet Sex Cash $ 14,900 17,900 Inventory Buildings 37,100 Total assets $69,900 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity $6,000 Common stock a) Retained earnings Total liabilities and stockholders' equity 0 81 DONAVAN, INC. Income Statement Revenues $84,200 Cost of goods sold Salaries and wages expense 10,260 Net Income Mad Cost of goods sold Salaries and wages expense 10,260 Net Income DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $19,900 Add: Net income 4,060 Less: Dividends Ending retained earnings $34,900 eTextbook and Media esc AT

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