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Complete the chart below using the relationships of the financial statements. The Financial Statement Structure from the course pack is shown below to assist
Complete the chart below using the relationships of the financial statements. The Financial Statement Structure from the course pack is shown below to assist in your calculations. Assume each company is independent of one another. Remember: Use the power of Excel to calculate each balance. Copying/pasting or typing directly into the cells will not earn full credit! Company ABCO $55,000 $488,000 $375,000 $125,000 D $207,000 Total Revenues Total Expenses Statement of Retained Earnings Net Income $18,000 A=L+SE Balance Sheet CC RE E $40,000 $100,000 $107.000 Retained Earnings (Beginning) $0 $40,000 $26,000 REB+ NI-DIV R-E Income Statement Retained Earnings (Ending) Dividends Total Assets Total Liabilities $5,000 $105,000 $48,000 $97,500 $122,000 $99,000 $0 $382,000 $117,000 $91,000 $42,000 $357,000 Stockholder's Contributed Equity Capital $125,000 $265,000 $44,000 $3.000 $79,000
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