Question: ACCOUNTING QUESTION HELP. CALCULATE THE MISSING AMOUNTS FOR THE HIGHIGHTED BOXES. Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE,

ACCOUNTING QUESTION HELP. CALCULATE THE MISSING AMOUNTS FOR THE HIGHIGHTED BOXES.

ACCOUNTING QUESTION HELP. CALCULATE THE MISSING AMOUNTS FOR THE HIGHIGHTED BOXES. Below

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 s 12,400 Rent 8,400 Advertising 4,400 Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Total Common Retained Stockholders' Stock Earnings Equity $ 13,400 $ 6,400 $ 19,800 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 4,400 4,400 S 15,800 $ 7,400 $ 23,200 CYCLONE, INC. Balance Sheet Dec. 31, 2021 Assets Liabilities S s s 3,400 Cash Supplies Land 1,100 Accounts payable Stockholders' Equity 5,400 Common stock 15,400 Retained earnings Total liabilities and stockholders' equity Building Total assets

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