Required

a$.$ The January $1,$ Year $2,$ general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an example.

b$-1.$ Prepare an income statement for the Year $2$ accounting period.

b$-2.$ Prepare a statement of changes in equity for the Year $2$ accounting period.

b$-3.$ Prepare a year$-$end balance sheet for the Year $2$ accounting period.

b$-4.$ Prepare a statement of cash flows for the Year $2$ accounting period.

c$-1.$ Determine the percentage of assets that were provided by retained earnings.

c$-2.$ Can you determine the cash in retained earnings?

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Shineq B$2$

The January $1,$ Year $2,$ general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an example. $($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.$)$

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