Determine what was amount of expenses reported on calloway

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Question 1: What was the amount of expenses reported on Calloway's income statement for the current year?

the financial statements of Calloway Company prepared at the end of the current year contained the following elements and corresponding amounts:

Assets = $31,000;

Liabilities = ?;

Common Stock = $6,100;

Revenue = $13,200;

Dividends = $1,300;

Beginning Retained Earnings = $4,300;

Ending Retained Earnings = $8,100.

Reference no: EM132484371

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