Selected information for two different companies (Bowers Inc and Flowers Inc) follows: Bowers Inc Flowers Inc Income Statement Total Revenues $2,400,000 $2,300,000 $1,000,000 Total Expenses Blank #1 Net Income $800,000 Blank #11 Statement of Changes in Equity Total Shareholders' Equity, beginning of the year Common Shares, beginning of the year Blank #2 $400,000 $500,000 Blank #3 Issue of shares Blank #4 Blank #12 $500,000 Common Shares, end of the year Retained Earnings, beginning of the year Net Income $900,000 $1,075,000 Blank #5 Blank #6 Blank #13 Dividends declared Blank #7 $200,000 Blank #8 Blank #14 Retained earnings, end of year Total shareholders' equity end of year $1,000,000 Blank #15 Statement of Financial Position Total assets Blank #9 Blank #16 Total liabilities $200,000 $1,100,000 Total shareholders' equity Blank #10 Blank #17 Determine the amounts for blanks #1 #17. Importantly, Bowers Inc is in its first year of operations