Chapter 1 Homework i 12 1.74 points eBook Hint References b. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $550 cash dividend to the stockholders. Can the company pay this dividend? c. As of January 1, Year 2, what percentage of the assets were acquired from creditors? d. As of January 1, Year 2, what percentage of the assets were acquired from investors? e. As of January 1, Year 2, what percentage of the assets were acquired from retained earnings? f. Create an accounting equation using percentages instead of dollar amounts on the right side of the equation. g. During Year 2, Carter Company earned cash revenue of $700, paid cash expenses of $400, and paid a cash dividend of $60. (Hint: It is helpful to record these events under an accounting equation before preparing the statements.) g-1. Prepare an income statement dated December 31, Year 2. g-2. Prepare a statement of changes in stockholders' equity dated December 31, Year 2. g-3. Prepare a balance sheet dated December 31, Year 2. g-4. Prepare a statement of cash flows dated December 31, Year 2. j. What is the balance in the Revenue account on January 1, Year 3? Req A and B Req C to E a, Complete this question by entering your answers in the tabs below. b. Req F Saved Req G Amount of retained earnings Can the company pay this dividend? Req G1 Req G2 Req J Help Save & Exit Submit Check my work

b. After looking at the amount of retained eamings, the chief oxocutive ofticer (CEO) wants to pay o $550 cosh dividend to the stockhoiders Can the company pay this dividend? c. As of Janvary 1 , Year 2 , what percentoge of the assets were acequired from creditors? d. As of January t, Yoar 2, what percentage of the assets were acquired from investors? e. As of January 1, Year 2, what percentage of the assets were acquirod from retained earningst t. Crebte an accounting equation using percentages instead of dollar amounts on the right side of the equation. 9. During Year 2, Carter Company earned cosh revenue of $700, paid ceith expenses of $400, and paid a cosh dividend of $60. (thint it is helpful to record these events under an accounting equation before prepoting the statements) 9-1. Prepare an income statement dated December 31 , Year 2 . 9-2. Prepare a statement of changes in stockholders' equity dated December 31, Year 2 9-3. Prepare a balance sheert dased December 3t, Vear 2. 9-4. Prepare a statement of cash flows dated Decentber 31, Yeor 2. I. What is the balance in the Revenuo account on January 1 , Year 3 ? Complete this question by entering your answers in the tabs below: the stoxbhodders: Can the company pay this Gidend? b. After looking at the amount of retained eamings, the chief oxocutive ofticer (CEO) wants to pay o $550 cosh dividend to the stockhoiders Can the company pay this dividend? c. As of Janvary 1 , Year 2 , what percentoge of the assets were acequired from creditors? d. As of January t, Yoar 2, what percentage of the assets were acquired from investors? e. As of January 1, Year 2, what percentage of the assets were acquirod from retained earningst t. Crebte an accounting equation using percentages instead of dollar amounts on the right side of the equation. 9. During Year 2, Carter Company earned cosh revenue of $700, paid ceith expenses of $400, and paid a cosh dividend of $60. (thint it is helpful to record these events under an accounting equation before prepoting the statements) 9-1. Prepare an income statement dated December 31 , Year 2 . 9-2. Prepare a statement of changes in stockholders' equity dated December 31, Year 2 9-3. Prepare a balance sheert dased December 3t, Vear 2. 9-4. Prepare a statement of cash flows dated Decentber 31, Yeor 2. I. What is the balance in the Revenuo account on January 1 , Year 3 ? Complete this question by entering your answers in the tabs below: the stoxbhodders: Can the company pay this Gidend