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Using the following table and the equations underlying each of the four basic financial statements,...

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Accounting

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Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance. (b) that net income is properly calculated. (a what caused changes in the retained earnings account and ( what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.) Assets $ 81,000 Liabilities 19.250 Stockholders' Equity 61,750 Revenue 33,600 Expenses 19,700 Net Income 13,900 Dividends 4,888 Beginning Retained Earnings 22, een Ending Retained Earnings 31,100 Cash Flows fron Operating Activities 17,200 Cash Flows from Investing Activities (8.700) Cash Flows from Financing Activities (6,950) Beginning Cash 4.700 Ending Cash 7.150 Liabilities Assets Stockholders' Equity IL b. Net Income Revenue - Expenses $ 1,300 $ 10.500 $ Ending RE Beginning RE. Net Income -- Dividende 5 4,300 $ 3.500 - 1.300 & Ending Cash Beginning Cash 4 Revenue Assets. Net Income 5 700 1.600 1.000 9,200 500 $ 900 5 1,000

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