Presented below are incomplete financial statements for Marta Communications, Inc.

Required: Solve for the missing amounts. Note: When an amount on one financial statement is again shown on another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus indicating the relationship between the two statements.

1. Solve for the missing amounts and understand how the financial statements are linked. xi Relationships among Financial Statements - Excel ? 6 X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In X Calibri 11 | R Paste BIU- -A- % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Clipboard Font A1 V X fx Presented below are incomplete financial statements for Marta Communications, A B D E F 7 8 MARTA COMMUNICATIONS, INC. 9 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 18 19 20 MARTA COMMUNICATIONS, INC. 21 Statement of Retained Earnings 22 For the Month Ended March 31, 20X1 23 Retained Earnings, March 1, 20X1 $0 24 Add: Net income 25 Subtract: Dividends (500) 26 Retained Earnings, March 31, 20X1 27 28 29 MARTA COMMUNICATIONS, INC. 30 Balance Sheet 31 At March 31, 20X1 32 Assets Liabilities 33 Cash $3,400 Accounts payable 34 Accounts receivable Stockholders' Equity 35 Office supplies 2,300 Common stock 36 Land 12.000 Retained earnings 37 Total Assets Total Liabilities and Stockholders' Equity 38 $6,800 14,000 Sheet1 READY FH e 1 10% Attempt(s)