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

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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