Question

how do i prepare my cash flow 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.)

Assets	$	19,300
Liabilities		14,300
Stockholders’ Equity		5,000
Revenue		11,600
Expenses		9,750
Net Income		1,850
Dividends		550
Beginning Retained Earnings		4,600
Ending Retained Earnings		5,900
Cash Flows from Operating Activities		2,700
Cash Flows from Investing Activities		(2,100	)
Cash Flows from Financing Activities		(1,450	)
Beginning Cash		2,100
Ending Cash		1,250

Answer 1

27 a) 28 29 30 31 32 Balance Sheet As on Assets Assets 19,300 Total Assets 19,300 Liabilities & Stockholder's Equity Liabilities Stockholders' Equity Total Liabilities & Stockholder's Equity 34 35 36 37 38 b) 39 40 41 42 43 44 с 45 46 47 48 14,300 5,000 19,300 Income Statement For the Year ended Revenues Less Expenses Net Income 11,600 (9,750) 1,850 Beginning Retained Earnings Add Net Income Less Dividends Ending Retained Earnings 4,600 1,850 (550) 1,300 5,900