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File Home Insert Page Layout Formulas Data Review View Developer Help Share Commen AA 0 Custom PAE 15 A === F a Wrap Text Merge & Center D Times New Roman BIU A Font Insert elete - E J 48 0 Sort & Find & Filter Select 4 Ideas Pastel $ % | Sensitivity Conditional Format as Cell Formatting Table Styles Styles Format Clipboard Alignment Number Cells Editing Ideas Sensitivity F8 - x fc 300830 A F K L M N O P B C H I J Part 1: Fill in the blanks below. Utilize the relationships on the Income Statement and Balance Sheet in determining your answers. Remember to use the power of Excel to calculate your answers. m Tin in Independent Companies A B с D Total Revenues $ 3,200,300 $ 351,300 Total Expenses $ 790,000 Total Net Income Total Assets Liabilities $ 255,480 $ 291,000 $ 796,900 $ 300,830 | $ 1,000,200 $ 590,000 $ 962,000 $ 289.100 Stockholder's Equity $ 490,000 $ 254,100 $ $ 873,200 274.800 $ 370,900 m mom in

Answer 1

Independent	Total Revenues	Total Expenses	Net Income	Total Assets	Total Liabilities	Stockholder's
Companies						Equity
A	$      3,200,300	$        790,000	$ 2,410,300	$      745,480	$        255,480	$        490,000
B	$         351,300	$        60,300	$      291,000	$        796,900	$      542,800	$        254,100
C	$    1,174,030	$        873,200	$      300,830	$     1,000,200	$        590,000	$      410,200
D	$    370,900.00	$    274,800.00	$ 96,100.00	$   962,000.00	$   289,100.00	$ 672,900.00
	Explanation
1	Net income = Total revenues - Total expenses
2	Total assets = Total Liabilities + Stockholder's equity
3	Total Expenses = Total revenues - Net income
4	Total Liabilities = Total Assets - Stockholder's equity
5	Total Revenues = Total Expenses + Net income
6	Stockholder's equity = Total Assets - Total Liabilities