Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system), find the annual report (10-K) for Facebook for the year ended December 31, 2019. Locate the “Consolidated Statements of Income” and “Consolidated Balance Sheets” and answer the following questions. You may also find the annual report at the company’s website.

Required:
1. What did the company report for “Revenue” in the most recent year?
2. What did the company report for “Research and development” expenses in the most recent year?
3. Did net income increase or decrease in the most recent year compared to the previous year and by how much?
4. What did the company report for total assets in the most recent year?
5. What did the company report for total liabilities in the most recent year?
6. Do assets equal liabilities plus stockholders’ equity?