Assume a company reported the following results entered into the financial statements in Years 1-3.

A.Fill in the blanks, indicated by the alphabetic letters a-z in parentheses, in the following financial statements on the next pages. Assume the company started operations January 1, Year 1, and all transactions involve cash.

FOR THE YEARS Year 1 Year 2 Year 3 Income Statements Revenue (cash) 700 $ $ 2,000 1,300 Expense (cash) (a) (700) (1,300) Net Income (Loss) Si (m) $ 700 200 Statements of Changes in Stockholders' Equity Beginning Common Stock $ -0- (n $6,000 Plus: Common Stock Issued 1, 2,000 000 000 Ending Common Stock 5,000 6, 000 Beginning Retained Earnings -0- 1 200 100 Plus: Net Income (Loss) (b 0 1700 Less: Dividends () (5 (300) 100) Ending Retained Earnings 100 P 600 Total Stockholders' Equity (d) S 6,200 $8,600Balance Sheets Assets Cash (e) (u) Land 0- (r) 18,000 Total Assets (f) $ $10,600 11,200 Liabilities g. $ 2,000 $ 5,000 Stockholders' Equity Common Stock (h) (S) 18,000 Retained Earnings (i) 2 600 00 Total Stockholders' Equity (j) 18,600 200 Total Liabilities and Stockholders' $8,100 $ $10,600 Equity 11,200FOR THE YEARS Year 1 Year 2 Year 3 ..L.... Statements of Cash Flows Cash Flows from Operating Activities: Cash Receipts from Customers (k) $ 1,300 (V) Cash Payments for Expenses (1) 700) (W) Net Cash Flows from Operating Act. 600 200 00 Cash Flows from Investing Activities: Cash Payments for Land 1-0- 8,000) 1-0- Cash Flows from Financing Activities: Cash Receipts from Loan 3,000 3,000 1-0- Cash Payments to Reduce Debt 1-0- 1,000) (X) Cash Receipts from Stock Issue 15,000 1,000 Cash Payments for Dividends (100) 500) Net Cash Flows from Financing 17,900 2,500 (1,300) Activities Net Change in Cash 8,100 4,900) (600) Plus: Beginning Cash Balance 1-0- 18,100 3,200 Ending Cash Balance $8,100 $3,200 $2,600