Assume that you are the president of APEC Aerospace Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available:

1a. Is the company financed mainly by creditors or stockholders?

1b. Which financial statement indicates this?

2a. Was the company profitable?

2b. Which financial statement indicates this?

3a. By how much did cash increase (decrease)?

3b. Which financial statement would report the reasons for this change in cash?

4a. Did the companys dividends exceed its net income?

4b. Which financial statement indicates this?

Thank you

IThe following information applies tothe questions displayed below] Assume that you are the president of APEC Aerospace Corporation. At the end of the first ear operations December the following financial data for the company are available Accounts Payable $33,330 Accounts Receivable 9,700 Cash 14.100 Common Stock 10.200 Dividends 1.300 81,000 Equipment 51,520 Notes Payable 62,000 Operating Expenses 8,950 Other Expenses 91,200 Sales Revenue 9,200 Supplies