Question: please provide calculation Question 6 Here are incomplete financial statements for Sandhill Co.. Calculate the missing amounts. SANDHILL CO. Balance Sheet Assets Cash $29,900 Supplies
please provide calculation
Question 6 Here are incomplete financial statements for Sandhill Co.. Calculate the missing amounts. SANDHILL CO. Balance Sheet Assets Cash $29,900 Supplies 30,800 (a) Equipment (net) 60,700 Total assets 60,700 (b) $ Liabilities and Stockholders' Equity Liabilities W Notes payable $22,500 Stockholders' Equity Common stock 38,200 Retained earnings 21,400 (c) Total liabilities and stockholders' equity $ 82,100 (d) SANDHILL CO. Income Statement $52,000 Revenues Total liabilities and stockholders' equity 82,100 (d) SANDHILL CO. Income Statement $52,000 Revenues Depreciation expense Salaries and wages expense Interest expense Net income 11,200 1,100 $26,400 SANDHILL CO. Retained Earnings Statement Beginning retained earnings (f) $ 1 Add: Net income (9) 5,000 Less: Dividends Ending retained earnings $37,000
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