New to Accounting- Balance sheets

khrier

I've been having a hard time getting the retained earnings and total equity. isn't it Revenues-cogs then profit + 0 (if no previous income) - dividends - Treasury stock? and also, where will I put the depreciation expenses? is it under the contra assets?
Let's say we have:
common stock 1000
dividends paid 30000
Treasury stock 25000
COGS 75000
sales 123000
depreciation expense 18000
What will be the total equity?

Thanks!!

Clintm15

Total equity would be...

Common stock + treasury stock = 26000
+
Sales - COGS - depreciation = 30000
-
Dividends paid = 30000
=
Total equity 26000

"isn't it Revenues-cogs then profit"

Yes, it is Gross profit.

"where will I put the depreciation expenses?"

Take depreciation from gross profit to get net profit.

"is it under the contra assets?"

No.