Required Enter the missing values in the following financial statements. Assume the company started operations January 1. Year 1. and all transactions involve cash Year 3 s S 2,000 (1.300) 700 S S 6,000 2,000 200 700 (300) 600 8,600 S 8,000 $ 10,600 $ 2,000 S For the Years Year 1 Year 2 Income Statemente Revenue S 700 1,300 Expense (700) Net income S 200 Statement of Changes in Stockholders' Equity Beginning common stock S 0 Plus: Common stock issued 5,000 1,000 Ending common stock 5,000 6,000 Beginning retained earings 0 100 Plus: Net income Less: Dividends (500) Ending retained earnings 100 Total stockholders' equity S 6,200 Balance Sheets Assets Cash Land Total assets S 11,200 Liabilities 5,000 Stockholders equity Common stock Retained earings 200 Total stockholders' equity 6,200 Total liabilities and stockholders' equity s 8,100 $ 11.200 Statements of Cash Flowe Cash flows from operating activities: Cash receipts from customers S 1,300 Cash payments for expenses (700) Net cash flows from operating activities 200 600 Cash flows from Investing activities: Cash payments for land 0 (8,000) Cash flows from financing activities: Cash receipts from loan 3,000 3,000 Cash payments to reduce debt 0 (1.000) Cash receipts from stock issue 5,000 1,000 Cash payments for dividends (100) (500) Net cash flows from financing activities 7.900 2,500 Net change in cash 8,100 (4.900) Plus: Beginning cash balance 8,100 Ending cash balance S 8,100 3,200 8,000 600 8,600 $ 10,600 700 0 (1.300) (800) 3,200 2,600 $ S