based on the calculation results for each financial statement, explain what the calculation results show about each line in detail.

Income statements

Revenues:

Absolute

Service Revenue

$4,000$

Total Revenue.

$4,000$

Percentage

$14\mathrm{.}28\%$

$14\mathrm{.}28\%$

Expenses:

Salary Expense

$700$

Rent Expense

$100$

Utility Expense

$120$

Depreciation Expense

Insurance Expense

Supply Expense

Total Expenses

$15\mathrm{.}55\%$

$8\mathrm{.}33\%$

$0$

$40\%$

$25$

$0\%$

$-75$

$25\%$

$(18\mathrm{.}75\%)$

$870$

$12\mathrm{.}42\%$

$3,130$

$14\mathrm{.}9\%$

Balance sheets

Assets:

Cash

Acct Rec'able

PP In

Equipment Accu. Dep.

Supplies

Total Assets

Absolute

$43200$

$14000$

$7000$

$250$

$-300$

$63,650$

Percentage

$42\%$

$0\mathrm{.}7$

$0\%$

$12\mathrm{.}72\%$

$50\%$

$-11\mathrm{.}53\%$

$35\mathrm{.}36\%$

Liabilities and Stockholders' Equity Liabilities:

Accounts Payable

Salary Payable

Total Liabilities

$14000$

$175\%$

$1500$

$50\%$

$15500\mathrm{.}00$

$140\mathrm{.}9\%$

Stockholders' Equity:

Common Stock

Retained Earnings

Total Equity.

$48150$

$48150\mathrm{.}00$

$32\mathrm{.}1\%$

$0\%$

$28\mathrm{.}49\%$

Total Liabilities & Equity.

$63,650$

$35\mathrm{.}36\%$