B$16$

$2600$

A

B

C

D

E

F

G

Presented below are incomplete financial statements for Marta Communications Company.

Required:

Solve for the missing amounts.

Note: When an amount on one financial statement is again shown on another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus indicating the relationship between the two statements.

$($All formulas must return positive values.$)$

$\backslash$table$[[\backslash$table$[[$MARTA COMMUNICATIONS Company$],[$Income Statement$]]],[$For the Month Ended March $31],[$Service Revenue,$$34,500],[$Expenses:$,],[$Rent Expense,$2,600],[$Salaries Expense,r$],[$Utilities Expense,$4,800],[$Income Tax Expense,$800],[$Net income,$$4,100]]$

$\backslash$table$[[22,$MARTA COMMUNICATIONS Company$],[23,$Statement of Stockholders' Equity$],[24,$For the Month Ended March $31],[25,$Beginning balance, March $1,,$$$0],[26,$Add: Net income,$*,21,500],[27,$Subtract: Dividends,,$(500)],[28,$Ending balance, March $31,$V$,$$$21,000]]$

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$1$ Marta Communications, Inc. has provided incomplete financial statements for the month ended March $31.$The Controller has asked you to help calculate the missing amounts in the incomplete financial statements.

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References

Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered $"=$B$5"$ into a blank cell, the formula would output the value from cell B$5.$

Basic Math Functions: Allow you to use the basic math symbols to perform mathematical functions. You can use the following keys: $+($plus sign to add$),-($minus sign to subtract$),*($asterisk sign to multiply$),$ and $/($forward slash to divide$).$ For example, if you entered $"=$B$4+$B$5"$ in a blank cell, the formula would add the values from those cells and output the result.

SUM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered $"=$SUM $($C$4,$C$5,$C$6)"$ into a blank cell, the formula would output the result of adding those three separate cells. Similarly, if you entered $"=$SUM$($C$4$:C$6)",$ the formula would output the same result of adding those cells.

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