Accounting -Enter the missing valuesin the following financial statements.

| January 31, 2017

Question
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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