You will need to purchase a single serving bag of M&Ms to complete this assignment. You may substitute Skittles or another multi-colored candy. Please note on this paper if you used a substitute and properly label the colors available to you.

1. Sort and count your M&Ms by color

1. Red 2
2. Blue 5
3. Yellow 2
4. Brown 3
5. Green 5
6. Orange 7

2. Write the short Accounting Equation in the space below:

Assume Red are Assets and Blue are Liabilities.

1. Calculate your Equity?

3. Write the short Accounting Equation in the space below:

Assume Yellow are Liabilities and Green is Equity.

2. Calculate your Assets?

4. Write the FULL Accounting Equation in the space below:

Assume Brown is Revenue, Orange is Expense.

3. Calculate your Net Income?

5. Write the FULL Accounting Equation in the space below:

Assume Yellow are Assets, Brown is Liabilities, Red is Capital, Green is Withdrawals, Orange is Revenue.

4. Calculate your Expenses?

6. What does it mean to maximize shareholder wealth? Using as many colors as possible, set the M&M colors to maximize shareholder wealth. Tell me what each color represents to keep the accounting equation in balance.