Name

Problems: $20$ points each; partial credit will be given if you show your work.

Calculate the missing numbers:

Income Statement

Revenues

Expenses:

Advertising

$3,200$

Salaries

Utilities

Total Expenses

Net income

$($c$)$

Balance Sheet

Liabilities

Accounts Payable

$(1)$

Note Payable

$105,000$

Stockholders' Equity

Common Stock

$(m)$

Retained Earnings

$($ n