Enter the missing values in the financial statements assume


Enter the missing valuesin the following financial statements. Assume the company started operations January 1, 2013, and all transactions involve cash. (Amounts in parentheses do not require a minus sign in front of them.)


For the Years


2013 2014 2015
Income Statements
Revenue $ 430
$ 530
$ 830
Expense
(265 )
( )
(440 )










Net income $

$ 115
$ 390



















Statement of Changes in Stockholders' Equity
Beginning common stock $ 0
$

$ 9,700
Plus: Common stock issued



1,400

340










Ending common stock $ 8,300
$ 9,700













Beginning retained earnings
0

31

81
Plus: Net income



115

390
Less: Dividends
( )
(65 )
(159 )










Ending retained earnings
31




312










Total stockholders' equity $

$ 9,781
$




















Balance Sheets
Assets
Cash $

$

$

Land
0




2,650










Total assets $ 12,000
$ 12,650
$ 11,500



















Liabilities $

$

$ 1,148










Stockholders' equity








Common stock $

$

$ 10,040
Retained earnings



81

312










Total stockholders' equity
8,331

9,781

10,352










Total liabilities and stockholders' equity $ 12,000
$ 12,650
$ 11,500





























Statements of Cash Flows
Cash flows from operating activities







Cash receipts from customers $

$ 530
$

Cash payments for expenses
( )
(415 )
( )










Net cash flows from operating activities
165

115

390










Cash flows from investing activities







Cash payments for land
0

(5,300 )
0
Cash receipt from sale of land
0

0

2,650










Net cash flows from investing activities
0

(5,300 )
2,650










Cash flows from financing activities







Cash receipts from borrowed funds
3,669

0

0
Cash payments to reduce debt
0

(800 )
( )
Cash receipts from stock issue
8,300

1,400



Cash payments for dividends
(134 )
(65 )
( )










Net cash flows from financing activities
11,835

535

(1,540 )










Net change in cash
12,000

(4,650 )
1,500
Plus: Beginning cash balance
0

12,000

7,350










Ending cash balance $ 12,000
$ 7,350
$ 8,850















 

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Financial Management: Enter the missing values in the financial statements assume
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