Exercise 1-9 Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet $13,300 Cash 16,300 Inventory 38,700 Buildings $68,300 Total assets Liabilities and Stockholders Equity Liabilities $5,100 Accounts payable Stockholders Equity Common stock Retained earnings Total iabilities and stockholders' equity DONAVAN, INC. $85,600 Cost of goods sold 10,460 Salaries and wages expense Net Income NEX Common stock Retained earnings $68,300 Total liabilities and stockholders' equity DONAVAN, INC. Income Statement $85,600 Cost of goods sold 10,460 Salaries and wages expense Net Income DONAVAN, INC Retained Earnings Statement Beginning retained earnings $18,300 Add: Net income 4,520 Less: Dividends Ending retained earnings39 $33,300 LINK TO TEXT VIDEO:SIMILAR EXERCISE VIDEO: APPLIED SKILLS Question Attempts: 0 of 3 used SAVE FOR LATER SUBHIT