Each of the following independent situations represents amounts shown on the four basic financial statements. 1. Revenues = $25,000; Expenses = $17,000; Net income = 2. Increase in stockholders' equity = $16,000; Issuance of common stock $10,000; Net income = $11,000; Dividends = 3. Assets = $23,000; Stockholders' equity = $17,000; Liabilities = 4. Total change in cash = $24,000; Net operating cash flows = $32,000; Net investing cash flows = ($15,000); Net financing cash flows Required: Fill in the formulas and missing blanks using your knowledge of amounts that appear on the financial statements. 1. Revenues - Expenses = Net income 2. Change in stockholders' equity = Issue common stock + Net income - Dividends 3. Assets Liabilities + Stockholders' equity 4. Total change in cash = Operating cash flows + Investing cash flows + Financing cash flows (15,000) $