Saved B24 f C - 9 A D Presented below are incomplete financial statements for Marta Communications, Inc. 2 3 Required: 4 Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on 5 another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus 6 indicating the relationship benween the two statements. 7 8 MARTA COMMUNICATIONS, INC. Income Statement 10 For the Month Ended March 31, 20X1 11 Sales Revenues $34.500 12 Expenses: 13 Rent Expense 2.600 14 Wages Expense 22,200 15 Utilities Expense 4.800 16 Income Tax Expense 800 17 Net income $4,100 18 19 20 MARTA COMMUNICATIONS, INC 21 Statement of Retained Earnings 22 For the Month Ended March 31, 20XI 23 Retained Earnings, March 1, 20X1 30 34 Add: Net income Sheet1 READY Attemptio) 3/3 100% Mint Prey 1 of 2 !!! Next > Seved Paste > BIU A HE Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing pboard Font B24 X D 20 MARTA COMMUNICATIONS, INC. 21 Statement of Retained Earings 22 For the Month Ended March 31, 20X1 23 Retained Earnings, March 1, 20X1 SO 24 Add: Net income 25 Subtract: Dividends (500) 26 Retained Earnings, March 31, 20X1 27 28 29 MARTA COMMUNICATIONS, INC. 30 Balance Sheet 31 At March 31, 20X1 32 Assets Liabilities 33 Cash $3,400 Accounts payable 34 Accounts receivable Stockholders' Equity 35 Office supplies 2,300 Common stock 36 Land 12,000 Retained earnings 37 Total Assets Total Liabilities and Stockholders' Equity 38 39 40 $0.800 14,000 Sheet1 + READY 100%