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Using the following table and the equations underlying each of the four basic financial statements. Assets Liabilities Shareholders' Equity Revenue Expenses Net income Dividends

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Using the following table and the equations underlying each of the four basic financial statements. Assets Liabilities Shareholders' Equity Revenue Expenses Net income 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 $21,175 15,025 6,150 11,350 9,625 Required: a. Show that the balance sheet is in balance. Assets Assets reported 11 = + 1,725 670 4,945 6,000 2,110 (1,255) (1,240) 1,680 1,295

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