Income Statement Set A Set B Set C
Revenues $1,200 ? $240
Expenses ? 5,000
Net income ? ? $148
Statement of Retained Earnings
Beginning balance $2,900 $15,400 $132
Net income 1,600 ?
Less dividends 200 ? ?
Ending balance $3,090 ? $
Balance Sheet
Total assets ? $30,000 $
Liabilities $1,600 $5,000 $
Stockholders' equity
Common stock 2000 9000 100
Retained earnings 280
Total liabilities and stockholders' equity $$ $580