Question: Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missingamounts. CYCLONE, INC. CYCLONE, INC. Statement of Stockholders' Equity Common Retained Total Stock Earnings

Below are incomplete financial statements for Cyclone, Inc.


Below are incomplete financial statements for Cyclone, Inc.  .:.


Required:
Calculate the missingamounts.

CYCLONE, INC. CYCLONE, INC. Statement of Stockholders' Equity Common Retained Total Stock Earnings S. Equity Revenues Expenses Salaries Rent Advertising $13,000 7,000 5,000 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance $14,000 $7,000 $21,000 5,000 $17,000 $8,000 $25,000 5,000 Net income CYCLONE, INC. Balance Sheet Assets Liabilities Cash Supplies Land Building S 1,100 Accounts payable $4,000 Stockholders Equity 6,000 16,000 mmon stock Retained earnings Total liabilities and stockholders' equity assets

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