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Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ 12,200 Rent 6,200 Advertising Net income
Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ 12,200 Rent 6,200 Advertising Net income 4,200 CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Total Stockholders' Equity Common Stock Retained Earnings Beginning balance $ 13,200 $ 6,200 $ Issuances of stock 19,400 Add: Net income 4,200 4,200 Less: Dividends Ending balance $ 15,400 $ 7,200 $ 22,600
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