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Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Revenues Expenses: Salaries $ 12,200 Rent 6,200 Advertising 4,200 Net income CYCLONE, INC. Balance Sheet Assets
Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Revenues Expenses: Salaries $ 12,200 Rent 6,200 Advertising 4,200 Net income CYCLONE, INC. Balance Sheet Assets Liabilities Cash $ $ 3,200 Supplies Land Building 1,200 Accounts payable Stockholders' Equity 5,200 Common stock 15,200 Retained earnings Total liabilities and stockholders' equity Total assets
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