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,
(c) What caused changes in the retained earnings account, and
(d) What caused changes in the cash account.

Assets iabilities Stockholders Equity Revenue xpenses Net Income Dividends $79.500 Begining Retained Earnings 18,500 Ending Retained Eamings 1,000 Cash Flows from Operating Activities $20,500 28.750 15,700 Cash Flows from Investing Activities Cash Flows from Financing Activities 18,950 13, 150 Beginning Cash 4,900 Ending Cash (5,300) 3.200 6,400