Tha Fin Requirements 1. What form of business organization is The Cheesecake Factory? How do you know? 2. Identify what line item flows from the income statement to the statement of retained earnings. 3. Identify the line item that flows from the statement of retained earnings to the balance sheet. 4. Identify the line item that flows from the statement of cash flows to the balance sheet 5. Did The Cheesecake Factory have net income or net loss for its fiscal year 2016? (The Cheesecake Factory's 2016 fiscal year end is January 3, 2017.) Over what period of time was this amount earned? 6. Write The Cheesecake Factory's accounting equation as of January 3, 2017. 7. How much in total resources does The Cheesecake Factory have to work with at January 3, 2017? How much does The Cheesecake Factory owe to creditors at January 3, 2017? Decision Cases C1-75. (Learning Objectives 1, 4: Explain accounting language; evaluate business opera- tions through financial statements) Two businesses, Queens Service Corp. and Insley Sales Co, have sought business loans from you. To decide whether to make the loans, you have requested their balance sheets. A1 Queens Service Corp. Balance Sheet August 31, 2019 Assets Liabilities Tha Fin Requirements 1. What form of business organization is The Cheesecake Factory? How do you know? 2. Identify what line item flows from the income statement to the statement of retained earnings. 3. Identify the line item that flows from the statement of retained earnings to the balance sheet. 4. Identify the line item that flows from the statement of cash flows to the balance sheet 5. Did The Cheesecake Factory have net income or net loss for its fiscal year 2016? (The Cheesecake Factory's 2016 fiscal year end is January 3, 2017.) Over what period of time was this amount earned? 6. Write The Cheesecake Factory's accounting equation as of January 3, 2017. 7. How much in total resources does The Cheesecake Factory have to work with at January 3, 2017? How much does The Cheesecake Factory owe to creditors at January 3, 2017? Decision Cases C1-75. (Learning Objectives 1, 4: Explain accounting language; evaluate business opera- tions through financial statements) Two businesses, Queens Service Corp. and Insley Sales Co, have sought business loans from you. To decide whether to make the loans, you have requested their balance sheets. A1 Queens Service Corp. Balance Sheet August 31, 2019 Assets Liabilities