Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the missing blanks using your knowledge of amounts that appear on the financial statements.
1. Revenues = $27,000; Expenses = $18,000; Net income = ____.
2. Increase in stockholders' equity = $20,000; Issuance of common stock = $12,000; Dividends = $5,000; Net income = ____.
3. Assets = $25,000; Liabilities = $13,000; Stockholders' equity = ____.
4. Total change in cash = +$28,000; Net operating cash flows = +$30,000; Net financing cash flows = +$18,000; Net investing cash flows = ____.

Question

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The Answer of Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the missing blanks using your knowledge of amounts that appear on the financial statements.
1. Revenues = $27,000; Expenses = $18,000; Net income = ____.
2. Increase in stockholders' equity = $20,000; Issuance of common stock = $12,000; Dividends = $5,000; Net income = ____.
3. Assets = $25,000; Liabilities = $13,000; Stockholders' equity = ____.
4. Total change in cash = +$28,000; Net operating cash flows = +$30,000; Net financing cash flows = +$18,000; Net investing cash flows = ____.

Each of the Following Independent Situations Represents Amounts Shown on the Four