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 balance.

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. ( what caused changes in the retained earnings account, and (c) what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.) Assets $ 81,000 Liabilities 19,250 Stockholders' Equity 61,750 Revenue 33,600 Expenses 19,700 Net Income 13,900 Dividends 4.800 Beginning Retained Earnings 22,000 Ending Retained tarning 31,100 Cash Flows from Operating Activities 17,200 Cash Flows from Investing Activities Cash Flows from Financing Activities (8,700) Beginning Cash (6,050) 4,700 Inding Cash 7,150 ti C d

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