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IE 01-01 (Static) Critical Relationships in Financial Accounting [LO1-3] A company provides the following information related to key relationships in financial accounting. Required: Use the
IE 01-01 (Static) Critical Relationships in Financial Accounting [LO1-3] A company provides the following information related to key relationships in financial accounting. Required: Use the information above to fill in the missing amounts in the spreadsheet, which describe the following key relationships: (1) the income statement: (2) changes in retained earnings; and (3) the balance sheet. (Hint. The amount of retained earnings reported on the balance sheet is its ending balance.) 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect. 2 A company provides the following information related to key relationships in financial accounting. 12 Required: 13. Use the information above to fill in the missing amounts below, which describe the following key 14 relationships: (1) the income statement; (2) changes in retained earnings; and (3) the balance sheet. (Hint: The amount of retained earnings reported on the balance sheet is its ending balance.) (Use cells A2 to 810 from the given information above to complete this question. All answers should be input and displayed as positive values.) 39 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment
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