1. The manager of Alabama Power Co. asks whether the power plant constructed in 2015 has helped the company to reduce production costs. What kind of approach do company's analysts need to use in answering this question? (10 points) Backward Looking Forward Looking 2. Which one is NOT one of the main data formats? (15 points) Cross-Sectional Panel Series " Panel Data Time Series 3. The retained earnings of Alabama Power Co. for the month ended on May 31th, 2020 was $3,642. This amount should also appear in: (15 points) Balance sheet, under retained earnings Balance sheet, under cash Retained Earnings statement, under net income Retained Earnings statement, under increase in retained earning 4. Which statement is true? (15 points) " " The amount of cash in balance sheet is equal to net income in Retained earnings The amount of cash in balance sheet is equal to net increase in cash in Cash flow statement The amount of cash in balance sheet is equal to cash received from customers in cash flow statement The amount of cash in balance sheet is equal stockholders' equity