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Question: Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets $14,900 17,900

Question: Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts.

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DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets $14,900 17,900 37,100 $69,900 Liabilities and Stockholders' Equity Liabilities $6,000 Accounts payable Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity $69,900 DONAVAN, INC. Income Statement $84,200 Revenues Cost of goods sold Salaries and wages expense 10,260 Net Income DONAVAN, INC. Retained Earnings Statement $19,900 Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings Click if you would like to Show Work for this question: 4,060 $34,900 Open Show Work

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