Student Name: ________________________________________________ Ch. 1 Financial Statement Assignment (40 Points) Learning Objectives: After completing this assignment, you will be able to: Access financial statement data of actual corporations. Identify various items reported on the financial statements. Apply the accounting equation using company data. Apply basic profitability analysis using company data. Instructions: 1. Select a company that you want to learn more about. Use EDGAR, the SEC data service, to download the most recent 10-K (annual) financial statements. To locate and download the Excel file, follow the step-by-step instructions in the Chapter 1 PowerPoint, slides 50 - 56 (posted in Canvas). Your company must meet the criteria indicated in item 2, below. If it does not meet the criteria, select a different company. Save using filename: LName_CompanyName You must submit the entire downloaded file. Do NOT delete any of the information in the file. Respond to items 2 through 6 directly below each question. Save this file in WORD format only, using filename: LName_Ch1FS. 2. Review the financial statements you downloaded to determine if your company has positive earnings (not a net loss), positive retained earnings, and positive stockholders' equity. a. What is the amount of net income for the current