Need help finding the answers for AAAA, BBBB, CCCC, DDDD, and EEEE, using the in

Question

Need help finding the answers for AAAA, BBBB, CCCC, DDDD, and EEEE, using the information in the photo

Given below are the financial statements for year ended December 31, 2014 for Ajax Company. In order, those statements are: the balance sheet, the income statement and the statement of retained earnings Balance Sheet Assets Cash Inventory Building Total Assets 5,000 10,000 45,000 60,000 Liabilities Accounts Payable 5,000 Total Stockholders' Equity Common Stock Retained Earnings Income Statement 85,000 Revenue Cost of Goods Sold Adminsitrative Expenses Net Income Retained Earnings Statement Beginning Retained Earnings Net Income Dividends Ending Retained Earnings 10,000 10,000 5,000 25,000

Explanation / Answer

Balance sheet

Income statement :

Retained earnings statement :

Assets Cash 5000 Inventory 10000 Building 45000 Total assets 60000 Liabilities Account payable 5000 Total Stockholder's equity Common Stock (60000-5000-25000) 30000 Retained earnings 25000 Total liabilities and stockholder's equity 60000

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