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Situation Answer a . Revenues = $ 3 1 , 0 0 0 ; Expenses = $ 1 0 , 0 0 0 ; Net

Situation Answer
a. Revenues = $31,000; Expenses = $10,000; Net income = $________blank $21,000
b. Decrease in stockholders equity = $22,000; Issuance of common stock = $16,000; Net income = $18,000; Dividends = $________blank $56,000
c. Assets = $31,000; Stockholders equity = $18,000; Liabilities = $________blank $13,000
d. Decrease in total cash = $31,000; Net operating cash flows = $26,000; Net investing cash flows = $22,000; Net financing cash flows = $________blank
Note: Enter a decrease as a negative value. $(79,000)

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