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
201320142015
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 issued1,400340
Ending common stock$8,300$9,700
Beginning retained earnings03181
Plus: Net income115390
Less: Dividends()(65)(159)
Ending retained earnings31312
Total stockholders equity$$9,781$
Balance Sheets
Assets
Cash$$$
Land02,650
Total assets$12,000$12,650$11,500
Liabilities$$$1,148
Stockholders equity
Common stock$$$10,040
Retained earnings81312
Total stockholders equity8,3319,78110,352
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 activities165115390
Cash flows from investing activities
Cash payments for land0(5,300)0
Cash receipt from sale of land002,650
Net cash flows from investing activities0(5,300)2,650
Cash flows from financing activities
Cash receipts from borrowed funds3,66900
Cash payments to reduce debt0(800)()
Cash receipts from stock issue8,3001,400
Cash payments for dividends(134)(65)()
Net cash flows from financing activities11,835535(1,540)
Net change in cash12,000(4,650)1,500
Plus: Beginning cash balance012,0007,350
Ending cash balance$12,000$7,350$8,850
$