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1) Solve for the missing amounts and understand how the financial statements are linked

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1) Solve for the missing amounts and understand how the financial statements are linked. Relationships among Financial Statements - Excel ? - FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri + 11 - A A % Paste BIU BB- - A - Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Font Styles A1 x v f Presented below are incomplete financial statements for Marta Communications A B C D 1 Presented below are incomplete financial statements for Marta Communications 3 Required: Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus 6 indicating the relationship between the two statements. LD 00 MARTA COMMUNICATIONS Income Statement 10 For the Month Ended March 31, 20X1 11 Sales Revenues $34,500 2 Expenses 13 Rent Expense 2,600 14 Wages Expense 15 Utilities Expense 4,800 16 Advertising Expense 800 17 Net income $4,100 18 19 20 MARTA COMMUNICATIONS Statement of Owner's Equity 22 For the Month Ended March 31, 20X1 23 Marta, Capital, March 1, 20X1 SO