WD1 1-9

Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet rt Assets Cash Inventory Buildings Total assets $14,900 17,900 37,100 $69,900 el Liabilities and Stockholders' Equity dy Liabilities 6,000 Accounts payable Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity $69,900 DONAVAN, INC. Income Statement $84,200 Revenues Cost of goods sold Salaries and wages expense Net Income 10,260 DONAVAN, INC. Retained Earnings Statement $19,900 Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings 4,060 $34,900