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Hint: Identify each account as an asset, liability, equity (Common Stock, Dividends, Revenues, and Expenses), and what financial statement it gets reported on. 1. What
Hint: Identify each account as an asset, liability, equity (Common Stock, Dividends, Revenues, and Expenses), and what financial statement it gets reported on. 1. What is Net Income? \$ 2. What is beginning balance in Retained Earnings (hint: it's the amount reported in the Trial Balance)? $ 3. What is ending Retained Earnings that is reported in the Statement of Retained Earnings? $ 4. What are total Assets reported in the Balance Sheet? \$ 5. What are total Liabilities reported in the Balance Sheet? \$ 6. What is total Equity reported in the Balance Sheet? $
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