hat the n, sele repare 3 a. b. C. d. e. f. g. 96 h. Each asset account is listed separately and then totaled. Cash is always listed first. Each dollar amount is calculated by evaluating the cash column on the transaction detail. Each expense account is listed separately from largest to smallest and then subtotaled if necessary. Financing activities include cash from the issuance of common stock and payment of cash dividends. Investing activities include the purchase and sale of land and equipment. Liabilities are listed separately and then totaled. Liabilities that are to be paid first are listed first. Net income is calculated as total revenues minus total expenses. Operating activities involve cash receipts for services provided and cash payments for expenses paid. The beginning retained earnings is listed first and will always be the ending retained earnings from the previous time period. The ending cash balance must match the cash balance on the balance sheet. i. j. k. 1. m. n. 0. p. Operating activities involve cash receipts for services provided and cash payments for expenses paid. The beginning retained earnings is listed first and will always be the ending retained earnings from the previous time period. The ending cash balance must match the cash balance on the balance sheet. The header includes the name of the business, the title of the statement, and the date, listed as a period of time. The header includes the name of the business, the title of the statement, and the date, listed as a specific date. The net income are added to the beginning retained earnings. The stockholders' equity section includes common stock and ending retained earnings from the statement of retained earnings. The dividends are subtracted from retained earnings. If there had been a net loss, this would also be subtracted. The revenue accounts are always listed first and then subtotaled if necessary. q This statement must always balance. Assets Liabilities + Equity Estela Osage publishes an online travel magazine. In need of cash, the business applies for a loan with National Bank The bank requires barowers to subna financial statements. We knowledge of accounting, Estela Osage, a sackeder, des not know how to proceed Requirements 2 1 1. What are the four financial statements that the business will need to prepare? is there a specific order in which the financial statements must be prepar Explain how to prepare each statement Requirements 1, 2, and 3. What are the four financial statements that the business will need to prepare? Is there a specific onder in which the financial statements must be prepared? Explain how to prepare each statement in the first column, select the four financial statements that the business will need to prepare. In the second column, select the number componding with the order the financial statements must be prepared if there is especific soch statement is the third column, select the letter grouping that comesponds with the proper explanations for how to prepare each statement Click the loan to view the explanations for how to prepare each statement) 1. Financial statement 2.Order 3. How to prepare