Question: Calculate the missing amounts. Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. es CYCLONE, INC. Income Statement Year ended Dec.
Calculate the missing amounts.

Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. es CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses Salaries $ 12,500 Rent 3500 Advertising 4,500 Net income CYCLONE, INC. CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Total Common Retained Stockholders' Stock Earnings Equity $ 13,500 $ 6,500 $ 20,000 OS Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 4,500 4,500 $ 16,000 $ 7,500 $ 23,500 CYCLONE, INC. Balance Sheet Dec. 31, 2021 Assets Liabilities Cash $ $ 3,500 Supplies Land Building Total assets 1,200 Accounts payable Stockholders' Equity 5,500 Common stock 15,500 Retained earnings Total liabilities and stockholders' equity
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