Question: HW1 i Saved Help Save & Exit 1 2 points 03:17:06 Print References Required: Using the following table and the equations underlying each of the

HW1 i\ Saved\ Help\ Save & Exit\ 1\ 2\ points\ 03:17:06\ Print\ References\ Required:\ Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance,

(b)

that net income is properly calculated, (

c

) what caused changes in the retained earnings account, and

(d)

what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.)\ Cheek my\ \\\\table[[Assets,

$18,400

$HW1 i\ Saved\ Help\ Save & Exit\ 1\ 2\ points\ 03:17:06\$

Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is properly calculated, ( c ) what caused changes in the retained earnings account, and ( d ) what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.)

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