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Plumbers-on-the-Go Ltd. started the year with total assets of $120,000 and total liabilities of $75,000. During the year, the business recorded $82,000 in service revenues,

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Plumbers-on-the-Go Ltd. started the year with total assets of $120,000 and total liabilities of $75,000. During the year, the business recorded $82,000 in service revenues, $45,000 in expenses, and paid dividends of $2,500. The net income reported for the year was $34,500. $37,000. $45,000. $82,000. The statement of cash flows and the statement of financial position are interrelated because the ending amount of cash on the statement of cash flows must agree with the amount on the income statement. the ending amount of cash on the statement of cash flows must agree with the amount in the statement of changes in equity. the ending amount of cash on the statement of cash flows must agree with the amount in the statement of financial position. C both disclose the corporation's net income

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