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Summarized versions of the Shawsheen Corporations financial statements are given for two years Click the icon to view the financial statements.) 11.00 1310 Requirement 1.

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Summarized versions of the Shawsheen Corporations financial statements are given for two years Click the icon to view the financial statements.) 11.00 1310 Requirement 1. Determine the missing amounts denoted by the letters Calculate the missing amounts. When calculating the answers, you may need to solve for a missing value further down the statement and work backward. (Enter decreases in cash with parentheses or a minus sign. Round answers to the nearest whole dollar) 2016 in thousands) Statement of Income Revenues 30 14,500 Cost of goods sold 9.640 Other expenses 1.210 Earnings before income acces 4,000 3,650 Income taxes (35% tax rate) 1.400 1,278 Netings 2.600 2372 Statement of Retained Earnings Beginning balance 2,710 Nel caming 2.600 2372 Dividends (301) (205) Ending balance Balance Sheet Assets Cash Capital 1.500 1,875 Others 10,482 $ Total assets 14,497 Liabilities: Current les 5 5.600 Noles payable and long-term debit 4.700 Other abilities 100 Total lobes Shareholders' Equity Common shares 350 Retained ning Total shareholders' equity 5.227 Totales and shareholders' equity Statement of Cash Flows Net cash provided by operating activities 1940 Net cash used in investing activites (970) Net cash used in financing activities (740) (1.040) Increase (decrease in cash 400 Cash at beginning of year 2,090 Cash at end of your Cho

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