Question: Using the following table and the equations underlying cach 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 the change in retained carnings d) what caused the change in the cash account Reporting Amounts on the Four Basic Financial Statements Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends 16,200 13.750 2.450 10.500 9.200 1.100 500 Beginning Retained Earnings Ending Retained Earnings Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Beginning Cash Finding Cash 3.500 4100 1.600 1000 -900 1.000 Record Answers below a) balance Sheet Balance Sheet Total Total Liabilities Stockholders' Equity Total Assets Total L + SE b) Net Income is properly calculated Total Revenues Less Expenses Net Income What caused change in the Retained Earnings Account Total Beginning Retained Earnings Net Income (add) Dividends (deduct) D) What caused changes in the Cash Account Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Beginning Cash Ending Cash