On January 1, 2018, the following information was drawn from the accounting records of Carter Company: cash of $425; land of 52,475; notes payable of $725; and common stock of $1,450, Required a. Determine the amount of retained earnings as of January 1, 2018, b. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $525 cash dividend to the stockholders. Can the company pay this dividend? C. As of January 1, 2018, what percentage of the assets were acquired from creditors? d. As of January 1, 2018, what percentage of the assets were acquired from investors? e. As of January 1, 2018, what percentage of the assets were acquired from retained earnings? f. Create an accounting equation using percentages instead of dollar amounts on the right side of the equation g. During 2018, Carter Company earned cash revenue of $680, paid cash expenses of $390, and paid a cash dividend of $59. (Hint: It is helpful to record these events under an accounting equation before preparing the statements.) 9.1. Prepare an income statement dated December 31, 2018 9-2. Prepare a statement of changes in stockholders' equity dated December 31, 2018 9-3. Prepare a balance sheet dated December 31, 2018 9-4. Prepare a statement of cash flows dated December 31, 2018 J. What is the balance in the Revenue account on January 1, 2019? Complete this question by entering your answers in the tabs below. es Req Ato E Reg Req Reg G1 Req G2 Reg G3 Reg 04 Req During 2018, Carter Company earned cash revenue of $680, paid cash expenses of $390, and paid a cash dividend of $59. Prepare a statement of cash flows dated December 31, 2018. (Amounts to be deducted should be indicated with a minus sign. CARTER COMPANY Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities Complete this question by entering your answers in the tabs below. Reg G3 Reg G4 Reg) Reg A to E Reg F Req G2 Reg G Req G1 00:58 OB During 2018, Carter Company earned cash revenue of $680, paid cash expenses of $390, and paid a cash dividend of $59. Prepare a statement of cash flows dated December 31, 2018. (Amounts to be deducted should be indicated with a minus sign.) eBook CARTER COMPANY Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities Him Print $ 0 References Nel cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Not cash flow from financing activities O Ending cash balance $ 0