Question: Required: Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in

Required: Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in

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, (d) 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.) Assets Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends $ 19,600 14,450 5,150 11,900 9,900 2,000 700 4,900. 6,200 Cash Flows from Operating Activities 3,000 Cash Flows from Investing Activities (2,400) Cash Flows from Financing Activities (1,600) Beginning Cash 2,400 Beginning Retained Earnings Ending Retained Earnings a Ending Cash b. c a 1,400

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