Using the following table and the equations underlying each

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. (Cash outflows should be indicated with a minus sign.) Assets Liabilities Stockholders\' Equity Revenue Expenses Net Income Dividends Beginning Retained Earmings Ending Retained Earnings Cash Flows from Operating Activities 16,300 Cash Flows from Investing Activities (7,800) Cash Flows from Financing Activtes (5,600) Beginning Cash Ending Cash $80,100 18,800 61,300 32,700 19,250 13,450 5,200 21,100 29,350 3,800 6,700 C.

Solution

A)Balancesheet

b)

-

c)

d)

Asset	=	Liabilities	+	Equity
80100	=	18800	+	61300