i need to find the net income in the following statement, i found everything in the balance sheet, i need to find net income and salaries in income statement and net income in statement of stockholders equity. i tried a lot of different things but i am lost...thanks for all the help.
Income Statement
Revenues $ 34,000
Expenses:
Salaries $
Administrative 5,000
Utilities 3,000
Net income $
statement of stockholders equity
Common
Stock RetainedEarnings
Beginning $ 9,000 $ 6,000
Issuances $1,000
Net income $
Dividends 2,000
Ending 10000 9000
Balance sheet
Assets: Liabilities:
Cash $ 3,000 Accounts payable $ 3000
Office supplies 2,000 Stockholders' Equity
Prepaid rent 8,000 Common stock 10000
Equipment 9,000 Retained earnings 9000
Total assets 22000 total liabilities and stockholder equity= 22000
Income Statement
Revenues $ 34,000
Expenses:
Salaries $
Administrative 5,000
Utilities 3,000
Net income $
statement of stockholders equity
Common
Stock RetainedEarnings
Beginning $ 9,000 $ 6,000
Issuances $1,000
Net income $
Dividends 2,000
Ending 10000 9000
Balance sheet
Assets: Liabilities:
Cash $ 3,000 Accounts payable $ 3000
Office supplies 2,000 Stockholders' Equity
Prepaid rent 8,000 Common stock 10000
Equipment 9,000 Retained earnings 9000
Total assets 22000 total liabilities and stockholder equity= 22000