i need help with all of this. Facebook, Inc., is a publicly held corporation and is frequently in the news. Such products as Facebook, Instagram, Messenger, WhatsApp, and Oculus (virtual reality) are part of Facebook Inc. The company also investing heavily in other consumer hardware products and a number of longer-term initiatives, such as augmented reality, artificial intelligence. It continues to experience growth.

There are Facebook's four basic financial statements for its most recent year, the year ending December 31, 2019. Please note that all statements have been adapted and condensed for educational use by me, Ludmila Krylova and should not be used for investment decisions.

Facebook, Inc. FINANCIAL STATEMENT #1 For year ended December 31, 2019

Facebook, Inc. FINANCIAL STATEMENT #4 As of December 31, 2019

Cash flows provided by operating activities Cash flows used in investing activities Cash flows provided by financing activities Exchange rate effect

Net increase in cash and cash equivalents Cash and equivalents at beginning of period Cash and equivalents at end of period

In millions

$36,314 (19,864) (7,299)

4 $9,155

9,924 $19,079

Assets Current assets:

Cash and cash equivalents

Marketable securities

Accounts receivable, net Prepayments and other current assets

Total current assets Property and equipment, net Intangible assets, net

Goodwill

Other long-term assets

Total assets

Liabilities and stockholders' equity

Current liabilities: Accounts payable

In millions

$19,079 35,776 9,518 1,852

$66,225 35,323 894 18,715 12,219

$133,376

$1,363 $269

13,421 $15,053

17,269 $32,322

45,362 $55,692

101,054

133,376

Deffered revenue

Accrued expenses and other current liabilities

Total current liabilities Long-term liabilities

Total liabilities Stockholders' equity:

Common stock and OTHER Retained earnings

Total stockholders' equity

Total liabilities and stockholders' equity

Facebook, Inc. FINANCIAL STATEMENT #2 For year ended December 31, 2019

Net revenues Expenses

Operating income (loss)

Other expenses and adjustmentsNet income (loss)

in millions

$70,697 46,711

$23,986 5,499

$18,487

Facebook, Inc. FINANCIAL STATEMENT #3 For year ended December 31, 2019

Beginning retained earnings Add net income

Ending retained earnings

In millions

$37,205 18,487

$55,692

1. The name of Financial Statement #1 is most probably _________

2. The name of Financial Statement #2 is most probably _________

3. The name of Financial Statement #3 is most probably _________

4. The name of Financial Statement #4 is most probably _________

5. Write Facebook's accounting equation as of December 31, 2019

6. Was Facebook profitable in 2019? Over what period of time was net income/net loss (presented in the financial statement) earned? 7. Identify what line item flows from the income statement to the statement of retained earnings.

8. Identify what line item flows from the statement of retained earnings to the balance sheet.

9. How much in total resources does Facebook have to work with?

10. How much does Facebook owe to creditors?

11. How much value attributable to the Facebook owners (investors)?