HOMEWORK #1 Due January 17, 5:00 pm 10 points Provide your solution to all 3 parts of the assignment in the space provided under each worksheet. Be sure to use the power of Excel (e.g., use Excel formulas to calculate sums and differences and refer to cells) in all situations. Do not use a calculator nor type in any numbers to the extent it is avoidable. Part 1: Fill in the blanks below. Utilize the relationships on the Income Statement and Balance Sheet in determining your answers. Remember to use the power of Excel to calculate your answers. Independent Companies Total Revenues $ 3,200,300 $ 351,300 Total Expenses $ 790,000 Total Net Income Total Assets Liabilities $ 255,480 $ 291,000 $ 796,900 $ 300,830 $ 1,000,200 $ 590,000 $ 962,000 $ 289,100 Stockholder's Equity $ 490,000 $ 254,100 $ 370,900 $ $ 873,200 274,800