Question: needing the formula for reference the cell rather than just calculating the amount Income Tax Expense 800 $4,100 Net income MARTA COMMUNICATIONS, INC. Statement of
Income Tax Expense 800 $4,100 Net income MARTA COMMUNICATIONS, INC. Statement of Stockholders' Equity For the Month Ended March 31, 20X1 Common Stock Retained Earnings Total Beginning Balance (March 1, 20X1). Issuance of common stock Add: Net income for March Less: Dividends Ending Balance (March 31, 20X1) $0 $0 $0 $14,000 $14,000 4,100 (500) $17,600 (500) $14,000 MARTA COMMUNICATIONS, INC Balance Sheet At March 31, 20X1 Liabilities $3,400 Accounts payable Stockholders' Equity Assets $6,800 Cash Accounts receivable Supplies Land Total Assets 2,300 Common stock 14,000 12,000 Retained earnings Total Liabilities and Stockholders' Equity Show transcribed image text
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