Selected information for two different companies (Bowers Inc and Flowers Inc) follows: Bowers Inc Flowers...
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Selected information for two different companies (Bowers Inc and Flowers Inc) follows: Bowers Inc Flowers Inc $2,400,000 Blank #1 $1,000,000 $2,300,000 $1,000,000 Blank #11 Income Statement Total Revenues Total Expenses Net Income Statement of Changes in Equity Total Shareholders' Equity, beginning of the year Common Shares, beginning of the year Issue of shares Common Shares, end of the year Retained Earnings, beginning of the year Net Income Dividends declared Retained earnings, end of year Total shareholders' equity end of year Statement of Financial Position Total assets Total liabilities Total shareholders' equity Blank #2 Blank #3 Blank #4 $400,000 Blank #5 Blank #6 Blank #7 Blank #8 $1,350,000 $400,000 $500,000 Blank #12 $900,000 $1,075,000 Blank #13 $200,000 Blank #14 Blank #15 Blank #9 $200,000 Blank #10 Blank #16 $1,100,000 Blank #17 Determine the amounts for blanks #1 - #17. Importantly, Bowers Inc is in its first year of operations
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