Exercise $1-10($Algo$)$ Link the income statement to the statement of stockholders' equity $($LO$1-3)$

On December $31,2024,$ Rachel Cooking Services reports the following revenues and expenses.

$\backslash$table$[[$Service revenue,$$78,500,$Rent expense,$$21,000$

$16$

Exercise $1-13($Algo$)$ Compute missing amounts from financial statements $($LO$1-3)$

Each of the following independent situations represents amounts shown on the four basic financial statements.

Revenues $=$$$26,000$; Expenses $=$$$17,500$; Net income $=q,$

Increase in stockholders' equity $=$$$15,000$; Issuance of common stock $=$$$12,000$; Net income $=$$$11,500$; Dividends $=$

Assets $=$$$23,500$; Stockholders' equity $=$$$16,000$; Liabilities $=$

Total change in cash $=$$$25,000$; Net operating cash flows $=$$$33,000$; Net investing cash flows $=($$$16,000)$; Net financing cash flows

Hint

$$

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Required:

ferences

Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements.