Here are incomplete financial statements for donovan, inc. calculate the missing amounts. donavan, inc. balance sheet assets cash $ 7,000 inventory 10,000 buildings 45,000 total assets $62,000 liabilities and stockholders' equity liabilities accounts payable $ 5,000 stockholders' equity common stock enter a dollar amount 28500
(a) retained earnings enter a dollar amount 28500
(b) total liabilities and stockholders' equity $62,000 donavan, inc. income statement revenues $85,000 cost of goods sold enter a dollar amount
(c) salaries and wages expense 10,000 net income $enter a dollar amount
(d) donavan, inc. retained earnings statement beginning retained earnings $12,000 add: net income enter a dollar amount
(e) less: dividends 5,000 ending retained earnings $27,000 link to text