Question: please complete the financial statements with the provided info Problem 1-4A (Algo) Understand the format of finan Below are incomplete financial statements for Riley, Incorporated.


Problem 1-4A (Algo) Understand the format of finan Below are incomplete financial statements for Riley, Incorporated. Required: Calculate the missing amounts. RILEY, INCORPORATED Income Statement Year ended December 31, 2024 Revenues $ 36,500 Expenses Salaries Advertising 5,500 Utilities 3500 Net income RILEY, INCORPORATED Statement of Stockholders' Equity Year ended December 31, 2024 Common Total Retained Stock Stockholders' Earnings Equity $ 9,500 $ 6,500 $ 16,000 1,200 1,200 Beginning balance Issuances Add. Net income Less: Dividends Ending balance $ (2,500) 9,500 $ 10,700 $ (2,500) 20,200 Assets $ Cash Accounts receivablo Supplies Equipment Total assets RILEY, INCORPORATED Balance Sheet December 31, 2024 Liabilities 3,500 Accounts payable 2.500 Stockholders' Equity 8,500 Common stock 9,500 Retained earnings 24,000 Total liabilities and stockholders' equity 10,700 $ $ 24.000
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