Question: Calculate missing amounts. E1.13 (LO 3), AN Here are incomplete financial statements for Oway Corporation. Calculate missing amounts. Oway Corporation. Balance Sheet Assets Cash Supplies
Calculate missing amounts.
E1.13 (LO 3), AN Here are incomplete financial statements for Oway Corporation. Calculate missing amounts. Oway Corporation. Balance Sheet Assets Cash Supplies Equipment (net) Total assets $ 29,000 (a) 65,000 $ (b) Liabilities and Stockholders' Equity Liabilities Notes payable $22,000 Stockholders' equity Common stock 38,000 Retained earnings (c) Total liabilities and stockholders' equity $ (d) Income Statement Revenues Depreciation expense Salaries and wages expense Interest expense Net income $53,000 (e) 10,000 1,000 $25,000 $ (f) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings 6,000 $37,000 Instructions Calculate the missing amounts
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