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Please Fill in the missing numbers For the Years Year 2 Year 1 Year 3 $ 700 $ $ Income Statements Revenue Expense Net Income
Please Fill in the missing numbers
For the Years Year 2 Year 1 Year 3 $ 700 $ $ Income Statements Revenue Expense Net Income (Loss) 1,300 (700) 2,000 (1,300) $ 200 $ 700 $ 6,000 2,000 5,000 5,000 Statement of Changes in Stockholders' Equity Beginning Common Stock $ Plus: Common Stock Issued Ending Common Stock Beginning Retained Earnings Plus: Net Income (Loss) Less: Dividends Ending Retained Earnings Total Stockholder's Equity 1,000 6,000 100 (500) 700 (300) 400 400 100 $ 6,200 $ Balance Sheets Assets Cash Land Total Assets Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ $ 11,200 5,000 $ $ 8.000 8,000 2,000 200 6,200 11,200 8,000 600 8,600 10.600 $ 8,100 $ $ Statement of Cash Flows Cash Flows from Operating Activities: Cash Receipts from Customers Cash Payments for Expenses Net Cash Flows from Operating Activities $ 1,300 (700) 600 700 Cash Flows from Investing Activities: Cash Payments for Land Net Cash Flows from Investing Activities (8,000) (8,000) 3,000 2,000 Cash Flows from Financing Activities Cash Receipts from Loan Cash Payments to Reduce Debt Cash Receipts from Stock Issue Cash Payments for Dividends Net Cash Flows from Financing Activities 5,000 (100) 7.900 1,000 (500) 2,500 8,100 Net Change in Cash Plus: Beginning Cash Balance Ending Cash Balance (4,900) 8,100 3,200 (600) 3,200 2.600 $ 8,100 $ $Step by Step Solution
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