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Here are incomplete financial statements for Sandhill Co.. Calculate the missing amounts. SANDHILL CO. Balance Sheet Assets Cash $ 14,700 Inventory 17,700 Buildings 37.300 Total
Here are incomplete financial statements for Sandhill Co.. Calculate the missing amounts. SANDHILL CO. Balance Sheet Assets Cash $ 14,700 Inventory 17,700 Buildings 37.300 Total assets $69,700 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 6,000 Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity $69.700 SANDHILL CO. Income Statement Revenues $84,900 Cost of goods sold Salaries and wages expense 10.130 Net income SANDHILL CO. Retained Earnings Statement Beginning retained earnings $19,700 Add: Net income Less: Dividends 4,860 Ending retained earnings $34,700
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