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Required: Calculate the missing amounts. RILEY, INCORPORATED Income Statement Year ended December 31, 2024 Revenues Expenses: Salaries Advertising Utilities Net income $ 36,500 5,500 3,500
Required: Calculate the missing amounts. RILEY, INCORPORATED Income Statement Year ended December 31, 2024 Revenues Expenses: Salaries Advertising Utilities Net income $ 36,500 5,500 3,500 RILEY, INCORPORATED Statement of Stockholders' Equity Year ended December 31, 2024 Common Stock Retained Earnings Total Stockholders' Equity Beginning balance $ Issuances 9,500 $ 1,200 6,500 $ 16,000 1,200 Add: Net income Less: Dividends (2,500) (2,500) Ending balance $ 10,700 $ 9,500 $ 20,200 Cash Accounts receivable RILEY, INCORPORATED Balance Sheet December 31, 2024 Assets Liabilities $ 3,500 Accounts payable 2,500 Stockholders' Equity Supplies Equipment 8,500 Common stock 9,500 Retained earnings Total assets $ 24,000 Total liabilities and stockholders' equity
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