Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC.
Balance Sheet

Assets

Cash
$ 14,100

Inventory
17,100

Buildings
37,900

Total assets

$69,100

Liabilities and Stockholders' Equity

Liabilities

Accounts payable
$ 5,200

Stockholders' Equity

Common stock
Entry field with correct answer

(a)
Retained earnings
Entry field with correct answer

(b)
Total liabilities and stockholders' equity

$69,100

DONAVAN, INC.
Income Statement

Revenues

$85,800

Cost of goods sold
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(c)
Salaries and wages expense
10,400

Net Income

$
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(d)
DONAVAN, INC.
Retained Earnings Statement

Beginning retained earnings
$19,100

Add: Net income

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(e)
Less: Dividends

4,710

Ending retained earnings
$34,100

Answer and Explanation:

The computation of the missing amounts is shown below:

a. Common stock

= Total Liabilities and Stockholders' Equity  - total liabilities - ending retained earnings

= $69,100 - $5,200 - $34,100

= $29,800

b. Retained earnings is $34,100

c. Cost of goods sold

= Revenues - salaries & wages expense - net income

= $85,800 - $10,400 - $19,710

= $55,690

Here net income would be

= Ending retained earnings + dividends - beginning retained earnings

= $34,100 + $4,710 - $19,100

= $19,710

d. Net income is $19,710

e. Net income is $19,710

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

its kinda hard to answer this when we dont have all the information that we need.