The following exercise test your understanding of the nexus between the first 3 financial statements. Please complete the exercise and provide feedback to one or more fellow student. BULLDOG, INC. Income Statement $34,000 BULLDOG, INC. Statement of Stockholders' Equity Common Retained Stock Earnings Beginning balance $ 9,000 $6,000 Issuances 1,000 Add: Net income .Less: Dividends (2,000 Ending balance $10,000 $9.000 Total S. Equity $15,000 1,000 Revenues Expenses Salaries Advertising Utilities Net income (a) 5,000 3,000 (2.000) $19.000 (d) Assets Cash Accounts receivable Supplies Equipment BULLDOG, INC. Balance Sheet Liabilities $ 3,000 Accounts payable 2,000 Stockholders' Equity 8,000 Common stock 9,000 Retained earnings Total liabilities and $22.000 stockholders' equity (*) (1) Total assets