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Problem 1-4A Understand the format of financial statements and the links among them (LO1-3) Below are incomplete financial statements for Bulldog, Inc. Required: Calculate

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Problem 1-4A Understand the format of financial statements and the links among them (LO1-3) Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues $ 37,500 Expenses: Salaries Advertising 5,700 Utilities 3,700 Net income BULLDOG, INC. Statement of Stockholders' Equity Common Retained Total Stockholders' Stock Earnings Equity Beginning balance $ 9,700 $6,700 $ 16,400 Issuances 1,100 1,100 Add: Net income Less: Dividends (2,700) (2,700) Ending balance $ 10,800 $ 9,700 $ 20,500 Assets BULLDOG, INC. Balance Sheet Liabilities Cash Accounts receivable Supplies Equipment Total assets $ 3,700 Accounts payable 2,700 8,700 Common stock 9,700 Retained earnings Stockholders' Equity $ 24,800 Total liabilities and stockholders' equity

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