Enter the missing values in the following financial statements. 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 $ 700 $ 1,300 $ 2,000 Expense (700) (1,300) Net income $ 200 $ 700 Statement of Changes in Stockholders' Equity Beginning common stock $ 0 $ 6,000 Plus: Common stock issued 5,000 1,000 2,000 Ending common stock 5,000 6,000 Beginning retained earnings 0 100 200 Plus: Net income 700 Less: Dividends (500) (300) Ending retained earnings 100 600 Total stockholders' equity $ 6,200 $ 8,600 Balance Sheets Assets Cash Land 0 8,000 Total assets 11,200 $ 10,600 Liabilities $ 5,000 $ 2,000 Stockholders' equity Common stock 8,000 Retained earnings 200 600 Total stockholders' equity 6,200 8,600 $ $ $ $ 11,200 $ 10,600 1,300 (700) 600 700 (8,000) 0 Total liabilities and stockholders' equity 8,100 $ Statements of Cash Flows Cash flows from operating activities: Cash receipts from customers $ Cash payments for expenses Net cash flows from operating activities 200 Cash flows from investing activities: Cash payments for land 0 Cash flows from financing activities: Cash receipts from loan 3,000 Cash payments to reduce debt 0 Cash receipts from stock issue 5,000 Cash payments for dividends (100) Net cash flows from financing activities 7,900 Net change in cash 8,100 Plus: Beginning cash balance 0 Ending cash balance $ 8,100 $ 0 3,000 (1,000) 1,000 (500) 2,500 (4,900) 8,100 3,200 (1,300) (600) 3,200 2,600 $ $