Question: Current Attempt in Progress Ort Here are incomplete financial statements for Ivanhoe Company. Calculate the missing amounts. IVANHOE COMPANY Balance Sheet Assets Cash $ 13,500

Current Attempt in Progress Ort Here are incomplete financial statements for Ivanhoe Company. Calculate the missing amounts. IVANHOE COMPANY Balance Sheet Assets Cash $ 13,500 Inventory 16,500 Buildings 38,500 Total assets $68,500 Liabilities and Stockholders' Equity Liabilities Accounts payable $5,300 Stockholders' Equity Common stock (a) Retained earnings (b) Total liabilities and stockholders' equity $68,500 IVANHOE COMPANY Income Statement Revenues $85,200 IVANHOE COMPANY Income Statement Revenues $85,200 Cost of goods sold (c) Salaries and wages expense 10,190 Net income $ (d) IVANHOE COMPANY Retained Earnings Statement Beginning retained earnings $18,500 Add: Net income (e) Less: Dividends 4,590 Ending retained earnings $33,500
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