Here are incomplete financial statements for Riedy, Inc.

Instructions
Calculate the missingamounts.

RIEDY, INC. Balance Sheet Liabilities and Stockholders' Equity Liabilities Assets Cash $7,000 10,000 45,000 62,000 Accounts payable 5,000 Inventory Buildings Stockholders equity Common stock Retained earnings Total assets Total liabilities and stockholders' equity $62,000 Income Statement Revenues Cost of goods sold Salaries and wages expense Net income $85,000 10,000 $ (d) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends $12,000 5,000 $27,000 Ending retained earnings