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Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity Common stock $ 14,000 17,000 38,000 $69,000 $ 5,600 34,000 (a) Retained earnings 55,360 (b) Total liabilities and stockholders' equity $69,000 DONAVAN, INC. Income Statement Revenues $85,400 Common stock 34,000 (a) Retained earnings 55,360 (b) Total liabilities and stockholders' equity $69,000 DONAVAN, INC. Income Statement Revenues $85,400 Cost of goods sold 19,770 (c) Salaries and wages expense 10,270 Net Income $ 19,770 (d) DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $19,000 Add: Net income 29,400 (e) Less: Dividends Ending retained earnings 4,770 $34,000