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Each of the following independent situations represents amounts shown on the four basic financial statements. Calculate the amoun for each situation that appear on the
Each of the following independent situations represents amounts shown on the four basic financial statements. Calculate the amoun for each situation that appear on the financial statements. (Negative amounts should be indicated by a minus sign.) 1. Revenues $25,200; Expenses $10,100; Net income Increase in stockholders' equity $9.800; Dividends $3,400; Net income = $19,000; Issuance of common stock 2. 3. Assets $26,000; Liabilities = $8,400; Stockholders' equity= + 4. Total change in cash = +$25,000; Net operating cash flows +$37,000; Net financing cash flows +$13,800, Net investing cash flows= 15.100 Riley, Incorporated reports the following amounts at the end of the year: Cash Buildings Accounts payable Interest expense $73,300 Service revenue $95,000 57,000 Salaries expense 58,800 9,000 Equipment 65,000 3,500 Supplies 4,900 Advertising expense 10,000 Notes payable 51,000 In addition, the company had common stock of $84,000 at the beginning of the year and issued an additional $6,900 during the year. The company also had retained earnings of $28,200 at the beginning of the year and paid dividends of $1,600 during the year. Prepare the income statement, statement of stockholders' equity, and balance sheet
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