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

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Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance

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Answer 1

Answer #1

a.	Assets= Liabilities + Stockholders' Equity
	$19100	=	14200	+	4900

b.	Net income= Revenues - Expenses
	$1750	=	11400	-	9650

c.	Ending retained earnings= Beginning retained earnings + Net income -Dividends
	$5700	=	4400	+	1750	-	450

d.	Ending cash= Beginning cash + Cash flow from Operating activities + Cash flow from Investing activities + Cash flow from Financing activities
	$1150	=	1900	+	2500	+	-1900	+	-1350

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Answer 2

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