Question: Complete the following financial statement articulation exercises. a . If net income is $ 5 5 comma 0 0 0 $ 5 5 , 0

Complete the following financial statement articulation exercises.
a.
If net income is
$ 55 comma 000$55,000
and comprehensive income is
$ 72 comma 000$72,000,
what is other comprehensiveincome?
b.
If ending retained earnings are
$ 130 comma 000$130,000,
beginning retained earnings are
$ 103 comma 000$103,000,
and dividends declared are
$ 24 comma 000$24,000,
what is netincome?
c.
If the beginning balance of cash was
$ 656 comma 000$656,000
and the ending balance of cash is
$ 518 comma 000$518,000,
what is the net change incash?
Question content area bottom
Part 1
a. If net income is
$ 55 comma 000$55,000
and comprehensive income is
$ 72 comma 000$72,000,
what is other comprehensiveincome? Select the formula and enter the amounts to compute other comprehensive income.
-
=
Other comprehensive income
-
=
Part 2
b. If ending retained earnings are
$ 130 comma 000$130,000,
beginning retained earnings are
$ 103 comma 000$103,000,
and dividends declared are
$ 24 comma 000$24,000,
what is netincome? Select the formula and enter the amounts to compute net income.
-
+
=
Net income
-
+
=
Part 3
c. If the beginning balance of cash was
$ 656 comma 000$656,000
and the ending balance of cash is
$ 518 comma 000$518,000,
what is the net change incash? Select the formula and enter the amounts to compute the net change in cash. (Use parentheses or a minus sign for a decrease incash.)
-
=
Net change in cash
-
=

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