The following is incomplete financial statements for XYZ, Inc.:
XYZ, Inc.
Balance Sheet
Assets Liabilities and Shareholders' Equity
Cash 5,000 Liabilities
Inventory 10,000 Accounts Payable 5,000
Building 45,000 Shareholders' Equity
Total Assets 60,000 Common Stock (a)
Retained Earnings (b)
Total Liabilities and S-H Equity 60,000
Income Statement
Revenues 85,000
Cost of goods sold (c)
Administrative expenses 10,000
Net Income (d)
Retained Earnings Statement
Beginning retained earnings 10,000
Add: Net Income (e)
Less: Dividends 5,000
Ending retained earnings 25,000
Instructions:Calculate the Missing Amounts for a, b, c, d, and e
a =
b =
c =
d =
e=