Would you please help me answer four statement connection exercises attached. I also attached the statement connections examples for reference. I don't need to see the work I just need the answers to the four exercise problems in the statement connections exercise doc.

Thank you

Statement Connections Examples Use the starting balance sheet, income statement, and the list of changes to answer the question. Hopewell Corporation Balance Sheet As of December 31, 2015 (amounts in thousands) Cash 29,000 Liabilities 24,000 Other Assets 37,000 Equity 42,000 Total Assets 66,000 Total Liabilities & Equity 66,000 Hopewell Corporation Income Statement January 1 to March 31, 2016 (amounts in thousands) Revenue 7,500 Expenses 2,200 Net Income 5,300 Between January 1 and March 31, 2016: 1. Cash decreases by $300,000 2. Liabilities increase by $400,000 3. Paid-In Capital does not change 4. Dividends increases by $500,000 What is the value for Other Assets on March 31, 2016? Please specify your answer in the same units as the financial statements. Use the income statement and the list of changes to answer the question. Dansko Integrated Income Statement January 1 to December 31, 2015 (amounts in thousands) Revenue Cost of Goods Sold (COGS) 8,500 2,550 Gross Income 5,950 Sales, General, & Administrative Expenses (SG&A) 1,700 Depreciation Expense 800 Other Expenses 500 Earnings Before Interest & Taxes (EBIT) 2,950 Interest 90 Pre-Tax Income 2,860 Income Taxes 1,144 Net Income 1,716 Between January 1 and December 31, 2015: 1. Accounts Receivable decrease by $400,000 2. Accounts Payable increase by $900,000 3. Gross Property, Plant, & Equipment increase by $6,700,000 4. Long Term Debt decreases by $200,000 Assume no other changes What is the Net Cash Flow? Please specify your answer in the same units as the income statement. Use the starting balance sheet and statement of cash flows to answer the question. Nippon Technology Balance Sheet As of December 31, 2015 (amounts in thousands) Cash 137,000 Accounts Payable 20,000 Accounts Receivable 32,000 Debt 36,000 Inventory 51,000 Other Liabilities 9,000 Property Plant & Equipment, Gross 227,000 Total Liabilities 65,000 Accumulated Depreciation 73,000 Paid-In Capital 72,000 Property Plant & Equipment, Net 154,000 Retained Earnings 245,000 Other Assets 317,000 Total Assets 8,000 Total Equity 382,000 Total Liabilities & Equity Nippon Technology Statement of Cash Flows January 1 to March 31, 2016 (amounts in thousands) Net Income 10,000 Depreciation 1,500 Decrease (Increase) in Accounts Receivable 600 382,000 Decrease (Increase) in Inventory (500) Increase (Decrease) in Accounts Payable 800 Other Adjustments 0 Net Cash Flow from Operating Activities 12,400 Purchase of Property, Plant, & Equipment (7,300) Other Adjustments 0 Net Cash Flow from Investing Activities (7,300) Increase (Decrease) in Debt (400) Dividends (200) Other Adjustments 0 Net Cash Flow from Financing Activities (600) Net Cash Flow 4,500 What is the value for Total Assets on March 31, 2016? Please specify your answer in the same units as the financial statements. Use the balance sheets and information provided about revenue and expenses to answer the question. Gulf Shipping Company Balance Sheet As of December 31, 2015 (amounts in thousands) Cash 143,000 Accounts Payable 19,000 Accounts Receivable 41,000 Debt 32,000 Inventory 58,000 Other Liabilities 40,000 Property Plant & Equipment, Gross 210,000 Total Liabilities 91,000 Accumulated Depreciation 62,000 Paid-In Capital 77,000 Property Plant & Equipment, Net 148,000 Retained Earnings 229,000 Other Assets 306,000 Total Assets 7,000 Total Equity 397,000 Total Liabilities & Equity 397,000 Gulf Shipping Company Balance Sheet As of March 31, 2016 (amounts in thousands) Cash Accounts Receivable 145,000 Accounts Payable 39,000 Debt 24,000 41,000 Inventory 65,000 Other Liabilities 28,053 Property Plant & Equipment, Gross 210,000 Total Liabilities 93,053 Accumulated Depreciation 63,200 Paid-In Capital 77,000 Property Plant & Equipment, Net 146,800 Retained Earnings 230,747 Other Assets 307,747 Total Assets 5,000 Total Equity 400,800 Total Liabilities & Equity 400,800 Revenue and expenses information from January 1 to March 31, 2016 were: Sales Revenue of $7,900,000 COGS of 20% of Sales Interest of $100,000 Other Expenses of $300,000 SG&A of $1,580,000 Tax Rate of 38% What is the net income in the first quarter of 2016? Please specify your answer in the same units as the balance sheets. Solution Note: To see submitted exercise solution details, uncheck the 'Display all exercises' box and click the Show Solution button for the desired exercise. Overall: 0 Right. 4 Wrong. Wrong. Your submitted solution is 0. The correct solution is 42,500. Wrong. Your submitted solution is 0. The correct solution is -3,084. Wrong. Your submitted solution is 0. The correct solution is 392,200. Wrong. Your submitted solution is 0. The correct solution is 1,947. Statement Connections Exercises Use the starting balance sheet, income statement, and the list of changes to answer the question. Dansko Integrated Balance Sheet As of December 31, 2015 (amounts in thousands) Cash 29,000 Liabilities 33,000 Other Assets 26,000 Equity 22,000 Total Assets 55,000 Total Liabilities & Equity 55,000 Dansko Integrated Income Statement January 1 to March 31, 2016 (amounts in thousands) Revenue 7,100 Expenses 2,800 Net Income 4,300 Between January 1 and March 31, 2016: 1. Cash increases by $200,000 2. Other Assets decrease by $100,000 3. Paid-In Capital does not change 4. Dividends increase by $200,000 What is the value for Liabilities on March 31, 2016? Please specify your answer in the same units as the financial statements. Use the income statement and the list of changes to answer the question. Ruston Company Income Statement January 1 to December 31, 2015 (amounts in thousands) Revenue Cost of Goods Sold (COGS) Gross Income Sales, General, & Administrative Expenses (SG&A) 7,800 1,560 6,240 780 Depreciation Expense 700 Other Expenses 500 Earnings Before Interest & Taxes (EBIT) 4,260 Interest 70 Pre-Tax Income 4,190 Income Taxes 1,676 Net Income 2,514 Between January 1 and December 31, 2015: 1. Accounts Receivable increase by $600,000 2. Accounts Payable increase by $300,000 3. Gross Property, Plant, & Equipment increase by $8,300,000 4. Long Term Debt increases by $700,000 Assume no other changes What is the Net Cash Flow? Please specify your answer in the same units as the income statement. Use the starting balance sheet and statement of cash flows to answer the question. Torche Corporation Balance Sheet As of December 31, 2015 (amounts in thousands) Cash 147,000 Accounts Payable 24,000 Accounts Receivable 48,000 Debt 37,000 Inventory 38,000 Other Liabilities 50,000 Property Plant & Equipment, Gross 218,000 Total Liabilities 111,000 Accumulated Depreciation 60,000 Paid-In Capital 60,000 Property Plant & Equipment, Net 158,000 Retained Earnings 229,000 Other Assets 289,000 Total Assets 9,000 Total Equity 400,000 Total Liabilities & Equity Torche Corporation Statement of Cash Flows January 1 to March 31, 2016 (amounts in thousands) Net Income 8,500 Depreciation 2,000 Decrease (Increase) in Accounts Receivable (800) 400,000 Decrease (Increase) in Inventory (300) Increase (Decrease) in Accounts Payable (400) Other Adjustments 0 Net Cash Flow from Operating Activities 9,000 Purchase of Property, Plant, & Equipment (5,400) Other Adjustments 0 Net Cash Flow from Investing Activities (5,400) Increase (Decrease) in Debt 100 Dividends (300) Other Adjustments 0 Net Cash Flow from Financing Activities (200) Net Cash Flow 3,400 What is the value for Total Liabilities & Equity on March 31, 2016? Please specify your answer in the same units as the financial statements. Use the balance sheets and information provided about revenue and expenses to answer the question. Lightspeed Industries Balance Sheet As of December 31, 2015 (amounts in thousands) Cash 141,000 Accounts Payable 19,000 Accounts Receivable 32,000 Debt 36,000 Inventory 49,000 Other Liabilities 20,000 Property Plant & Equipment, Gross 231,000 Total Liabilities 75,000 Accumulated Depreciation 68,000 Paid-In Capital 72,000 Property Plant & Equipment, Net 163,000 Retained Earnings 243,000 Other Assets 315,000 Total Assets 5,000 Total Equity 390,000 Total Liabilities & Equity 390,000 Lightspeed Industries Balance Sheet As of March 31, 2016 (amounts in thousands) Cash Accounts Receivable 145,000 Accounts Payable 37,000 Debt 26,000 32,000 Inventory 45,000 Other Liabilities 18,619 Property Plant & Equipment, Gross 231,000 Total Liabilities 76,619 Accumulated Depreciation 68,600 Paid-In Capital 72,000 Property Plant & Equipment, Net 162,400 Retained Earnings 245,781 Other Assets 317,781 Total Assets 5,000 Total Equity 394,400 Total Liabilities & Equity Revenue and expenses information from January 1 to March 31, 2016 were: Sales Revenue of $9,200,000 COGS of 25% of Sales Interest of $190,000 Other Expenses of $300,000 SG&A of $920,000 Tax Rate of 37% What is the net income in the first quarter of 2016? Please specify your answer in the same units as the balance sheets. 394,400