Questions A-F are not applicable. Please only Gs!

On January 1 Year 3 the following information was drawn from the accounting records of Carter Company cash of $475, land of $2,625 notes payable of $775, and common stock of $1705. Required a. Determine the amount of retained earnings as of January 1 Year 3. b. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $575 cash dividend to the stockholders. Can the company pay this dividend? c. As of January 1. Year 3. what percentage of the assets were acquired from creditors? d. As of January 1 Year 3. what percentage of the assets were acquired from investors? e. As of January 1, Year 3. 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 9. During Year 3. Carter Company earned cash revenue of $720 paid cash expenses of $410, and paid a cash dividend of $61. Record these events using the accounting equation 9-1. Prepare an income statement dated December 31. Year 3. 9.2. Prepare a statement of changes in stockholders' equity dated December 31 Year 3 9-3. Prepare a balance sheet dated December 31, Year 3. 9-4. Prepare a statement of cash flows dated December 31 Year 3 j. What is the balance in the Revenue account on January 1, Year 4? Req A and B Reg C to E Reg G ReqF Reg G1 Req G2 Reg G4 Req G3 Req During Year 3, Carter Company earned cash revenue of $720, paid cash expenses of $410, and paid a cash dividend of $61. Record these events using the accounting equation (Enter any decreases to account balances with a minus sign. If there is no effect on the Account Titles for Retained Earnings, leave the cell blank. Not all cells require input.) Assets CARTER COMPANY Accounting Equation as of December 31, Year 3 = Liabilities Stockholders' Equity Land Notes Common Retained Payable Stock Earnings Account Titles for Retained Earnings Cash 0 0 0 Req A and B Req C to E ReqF Req G Req G1 Req G2 Req G3 Req G4 Reg Prepare an income statement dated December 31, Year 3. CARTER COMPANY Income Statement For the Year Ended December 31, Year 3 Reg A and B Reg C to E ReqF Req G Reg G1 Req G2 Reg G3 Reg G4 Req] Prepare a statement of changes in stockholders' equity dated December 31, Year 3. CARTER COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 3 Beginning common stock Ending common stock Beginning retained earnings $ 0 Ending retained earnings Total stockholders' equity 0 $ 0 Req A and B Req C to E ReqF Req G Req G1 Req G2 Req G3 Req G4 Req Prepare a balance sheet dated December 31, Year 3. CARTER COMPANY Balance Sheet As of December 31, Year 3 Assets $ Total assets Liabilities $ 0 $ Total liabilities Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity 0 0 s Req A and B Reg C to E ReqF Req G Req G1 Req G2 Req G3 Req G4 Reg Prepare a statement of cash flows dated December 31, Year 3. (Cash outflows should be indicated with a minus sign.) CARTER COMPANY Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities: $ 0 Net cash flow from operating activities: Cash flows from investing activities Cash flows from financing activities Net cash flow from financing activities: 0 Ending cash balance $ 0 Complete this question by entering your answers in the tabs below. Reg A and B ReqC to E Req Req Req G1 Req G2 Reg 63 Reg G4 Req What is the balance in the Revenue account on January 1, Year 47 Balance in revenue account