Question: Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts? CYCLONE, INC. Income Statement CYCLONE, INC. Statement of Stockholders' Equity Common Retained

Below are incomplete financial statements for Cyclone, Inc.

Below are incomplete financial statements for Cyclone, Inc.
Required:
Calculate the missing

Required:
Calculate the missing amounts?

CYCLONE, INC. Income Statement CYCLONE, INC. Statement of Stockholders' Equity Common Retained Total Stock Earnings S. Equity Revenues Expenses: Beginning balance $13,000 $6,000 Salaries Rent Advertising $12,000 Issuances of stock 6,000 Add: Net income 4,000 Less: Dividends $19,000 4,000 15000 $7,000 $22,000 4,000 Net income Ending balance CYCLONE, INC. Balance Sheet Assets Liabilities Cash Supplies Land Building S 1,000 Accounts payable S3,000 Stockholders' Equity 5,000 15,000 Common stock Retained earnings Total liabilities and stockholders' equity Total assets

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