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2 D E B F G 1 J H K View the tutorial, then complete the worksheet, replacing the question marks below with formulas. Given

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2 D E B F G 1 J H K View the tutorial, then complete the worksheet, replacing the question marks below with formulas. Given Information: 5 6 7 8 9 Revenues $35,000 Expenses 25,000 Beginning Retained Earning: 42,000 Dividends 6,000 Liabilities 22,000 Common Stock 32,000 10 12 13 14 15 Relationship #1 Revenues Expenses Net Income 16 Relationship #2 3 Beginning Retained Earnings $ ? Net Income Dividends Ending Retained Earnings 2 ? ? ? Relationship #3 Assets $ Liabilities Common Stock Retained Earnings ? ? 17 ? ? 18 19 20 Check your worksheet setup and formulas by changind Revenues to $50,000 and Expenses to $35,000. You should now have net income of $15,000, Assets or $105,000, and a balance in Retained Earnings of $51,000. If you do not get this answer, review your worksheet and the formulas you used

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