1 Book Print erences Problem 1-4B Understand the format of financial statements and the link among...

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1 Book Print erences Problem 1-4B Understand the format of financial statements and the link among them (LO1-3) Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries Rent Advertising Net income. $ 26,800 $ 12,200 6,200 4,200 $ 4,200 1 ts eBook Priet ferences Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance Cash Supplies Land Building Total assets Statement of Stockholders' Equity Year ended Dec. 31, 2021 Assets Common Stock $ Retained Earnings 13,200 $ $ 15,400 $ $ Total Stockholders' Equity 6,200 $ 4,200 7,200 $ CYCLONE, INC. Balance Sheet Dec. 31, 2021 1,200 Accounts payable 5,200 Common stock 15,200 Retained earnings 19,400 Drair 4,200 22,000 Liabilities Stockholders' Equity Total liabilities and stockholders' equity 1 or 2 H Maut $ 3,200 1 Book Print erences Problem 1-4B Understand the format of financial statements and the link among them (LO1-3) Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries Rent Advertising Net income. $ 26,800 $ 12,200 6,200 4,200 $ 4,200 1 ts eBook Priet ferences Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance Cash Supplies Land Building Total assets Statement of Stockholders' Equity Year ended Dec. 31, 2021 Assets Common Stock $ Retained Earnings 13,200 $ $ 15,400 $ $ Total Stockholders' Equity 6,200 $ 4,200 7,200 $ CYCLONE, INC. Balance Sheet Dec. 31, 2021 1,200 Accounts payable 5,200 Common stock 15,200 Retained earnings 19,400 Drair 4,200 22,000 Liabilities Stockholders' Equity Total liabilities and stockholders' equity 1 or 2 H Maut $ 3,200

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