SHERIDAN COMPANY Balance Sheet Assets Cash $ 29,500 Supplies (a) Equipment (net) 61,200 Total assets $ (b) Liabilities and Stockholders' Equity Liabilities Notes payable $ 23,200 Stockholders' Equity Common stock 38,800 Retained earnings (c) Total liabilities and stockholders' equity $ (d) SHERIDAN COMPANY Income Statement Revenues $ 53,500 Depreciation expense (e) Salaries and wages expense 10,900 Interest expense 2,000 Net income $ 25,700 SHERIDAN COMPANY Retained Earnings Statement Beginning retained earnings $ (f) Add: Net income (g) Less: Dividends 5,700 Ending retained earnings $36,200