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Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b)

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Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is properly calculated, (what caused changes in the retained earnings account, and (c) what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.) Book Hint Print Naseta Liabilities Stockholders' Equity Revenge Expenses Net Income Dividends Beginning Retained Earnings Ending Retained tarnings Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Pinancing Activities Beginning Cash Ending Cash $18,200 13,750 4,450 10,500 9,200 1,300 500 3,500 4,300 1,600 (1,000) (900) 1,000 700 ferences

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