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Required: Calculate the missing amounts. TUREK, INCORPORATED Income Statement Year ended December 31, 2024 Revenues Expenses: Salaries $ 30,500 Advertising Utilities 4,300 2,300 Net
Required: Calculate the missing amounts. TUREK, INCORPORATED Income Statement Year ended December 31, 2024 Revenues Expenses: Salaries $ 30,500 Advertising Utilities 4,300 2,300 Net income Beginning balance Issuances Add: Net income Less: Dividends Ending balance TUREK, INCORPORATED Statement of Stockholders' Equity Year ended December 31, 2024 Total Common Retained Stock Earnings Stockholders' Equity 8,300 $ 5,300 $ 13,600 1,200 1,200 6 (1,300) (1,300) 9,500 $ 8,300 $ 17,800 Cash Accounts receivable Supplies TUREK, INCORPORATED Balance Sheet December 31, 2024 Assets Liabilities $ 2,300 Accounts payable 2,850 Stockholders' Equity Equipment Total assets $ 7,300 Common stock 8,300 Retained earnings a 20,750 Total liabilities and stockholders' equity
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