Visit the website of the US Securities and Exchange Commission (SEC) (https://www.sec.gov/ edgar/searchedgar/companysearch.html). Search for the latest Form 10-K for a company you would like to. When you are choosing, make sure the company sells a product (has inventory on the Balance Sheet, and Cost of Goods Sold on the Income Statement). Submit a short memo:
A. Include the name and ticker symbol of the company you have chosen.
B. Follow the financial statement progression from the Income Statement to the Retained Earnings Statement to the Balance Sheet. Find the net income amount from the Income Statement and identify where it appears on the Statement of Retained Earnings (or the Statement of Stockholders’ Equity).
C. On the statement found for instruction (A), find the ending retained earnings balance, and identify where it appears on the Balance Sheet for year-end.
D. Provide the web link to the company’s Form 10-K to allow accurate verification of your answers.