Question: 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)

Using the following table and the equations underlying each of the four basic financial statements, show
(a) That the is in balance,
(b) That net income is properly calculated,
(c) What caused changes in the retained earnings account, and
(d) What caused changes in the cash account.

$18.200 Beginning Retained Eamings Assets Liabilities Stockholders Equity Revenue Expenses Net Income Dividends 13750 Ending Retained Earnings 4,450 Cash Flows from Operating Activities 10500 Cash Flows from Investing Activities 9.200 Cash Flows from Financing Activities 300 Beginning Cash $3,500 4,300 1,600 (1,000) 1,000 700 500 Ending Cash

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