Waldo needs help in his Accounting 2010 class. Use the following information to help Waldo understand the four basic financial statements. You need to show him: (a) how the balance sheet balances. (b) how to properly calculate net income. (c) how the retained earnings account is impacted by changes in this account. (d) how the different cash flows from business activities impact cash. (Cash outflows should be indicated with a minus sign.) Assets Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends Beginning Retained Earnings Ending Retained Earnings Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Beginning Cash Ending Cash $81,000 19, 250 61,750 33,600 19,700 13,900 4,800 22,000 31,100 17,200 (8,700) (6,050) 4,700 7,150 a. b. C. d. +