Here Are Incomplete Financial Statements for Brandon, Inc Instructions
Calculate the Missing Amounts

Here are incomplete financial statements for Brandon, Inc. $\begin{array}{lc}~~~~~~~~~~~~~~~~~~~~~\text { { Income Statement } } \\\text { Revenues } & \$ 80,000 \\\text { Cost of goods sold } & (\mathrm{c}) \\\text { Administrative expenses } & \underline{\text{ 10,000 }} \\\text { Net income } & \underline{\$(\mathrm{~d})} \\\\~~~~~~~~~~\text { { Retained Earnings Statement } } \\\\\text { Beginning retained earnings }& \$ 10,000 \\\text { Net income } & (\mathrm{e}) \\\text {Dividends } & \underline{\text{ 5,000 }} \\\text { Ending retained earnings } & \underline{\text{ \$ 24,000 }}\end{array}$ Instructions
Calculate the missing amounts.