Question: PART 4: Computation of Missing Financial Statement Amounts (2 POINTS) Instructions: Select financial statement data for 2021 are provided below for Ram Company. Ram Company

PART 4: Computation of Missing Financial Statement Amounts (2 POINTS) Instructions: Select financial statement data for 2021 are provided below for Ram Company. Ram Company began business in 2018. Solve for the missing amounts in the financial statements. Write your answer in the box provided for letters (a) through (f) below. Ram Company Income Statement For the Year Ended December 31, 2021 Revenue Expense Net Income $ (a) (b) 30,000 Ram Company Statement of Retained Earnings For the Year Ended December 31, 2021 Retained Earnings, 1/1/2021 Net Income Dividends Retained Earnings, 12/31/2021 Total Assets $ 15,000 16,000 (c) (d) Ram Company Balance Sheet December 31, 2021 $ 72,000 Liabilities & Stockholders' Equity Liabilities $ 12,500 Common Stock 30,000 Retained Earnings (e) Total Liabilities & Stockholders' Equity (f)

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