E2.1. Applying Accounting Relations: Balance Sheet, Income Statement, and Equity Statement (Easy) The following questions pertain to the same firm.

a. The balance sheet reports $400 million in total assets and $250 million in sharehold- ers' equity at the end of a fiscal period. What are the firm's liabilities?

b. The income statement reports $30 million in net income and $175 million in total expenses for the period. What are the firm's revenues?

c. The shareholders' equity statement has a beginning balance for the period of $230 mil- lion and the firm had a net payout to shareholders of $12 million. What is the firm's comprehensive income for the year? How much income is reported in the equity state- ment rather than the income statement?

d. There were no share issues or stock repurchases during the year. How much did the firm pay in dividends?