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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, (c) what caused changes in the retained earnings account, and (d) what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.) 4 nts Assets $79,90e 18,7ee 61, 200 32, 5ee 19,150 13,35e s,100 20,900 29,150 16,1ee (7,60e) (5,500) 3,600 6,600 Liabilities Stockholders' Equity Revenue Expenses Net Incone Dividends Beginning Retained Earnings Ending Retained Earnings Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Beginning Cash Ending Cash eBook Hint Print ferences d

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