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Financial Data is presented in the following tables for your completion: Income Statement Revenues ? Expenses Salaries 50,000 Operating Expenses 25,000 Utilities 5,000 Total Expenses 80,000 Net Income ? Statement of Stockholder's Equity Common Stock Retained Earnings Beginning 30,000 20,000 Stock Issued Net Income 40,000 Dividends ? Ending 35,000 50,000 Balance Sheet Assets Liabilities Cash 24,000 Accounts Payable 6,000 Office Supplies ? Prepaid Rent 6,000 Stockholder's Equity Equipment 60,000 Common Stock ? Retained Earnings ? Total Stockholder's Equity ? Total Assets ? Total Liabilities & Stockholder's Equity ?

Instructions: Using the above table and information select the appropriate dollar amount for the missing amounts: Note: Paper, pencil, and a calculator will aid you in calculating the correct amounts. Give the test a try on your own; but, if you need to see the results, check out the Financial Information I prepared for you. Question . .