On January 1, 2016, the following information was drawn from the accounting records of Carter Company: cash of $350; land of $2,250; notes payable of $650; and common stock of $1,300.

Income statement dated December 31, 2016.

Revenue $620

Expenses -$360

Net Income $260

a. Prepare a statement of changes in stockholders equity dated December 31, 2016.

b. Prepare a balance sheet dated December 31, 2016.

c. Prepare a statement of cash flows dated December 31, 2016. (Amounts to be deducted should be indicated with a minus sign.)

d. What is the balance in the Revenue account on January 1, 2016?