Company Financial Statement Item Berko Manning Lucas Corey Equity, 12/31/2018: $ 1) 26,400 $66,400 $ 6,000 () $15,000 21,900 $36,900 $ (m) 1,400 Common stock Retained earnings Total equity Net income (loss) for 2019 Dividends during 2019 Equity, 12/31/2019: Common stock $50,000 12,100 $ (a) $ 7,000 2,000 $35,000 (e) $44,300 $(1,800) Retained earnings Total equity Total assets, 12/31/2019 Total liabilities, 12/31/2019 50,000 (b) $ (c) 92,500 $ (d) 35,000 (f) $ (g) (h) $14,800 55,000 (k) $84,500 99,200 $ 1) 15,000 27,600 $ (n) (0) $10,700

Respond to the following in a minimum of 175 words: Describe the purpose of the five primary financial statements. Statement of Comprehensive Income  Income Statement  Balance Sheet  Statement of Cash Flows  Statement of Shareholder's Equity    Give an example of a profitability, liquidity, and solvency ratio and explain the components and which financial statement would provide the information.

The balance sheet includes information on the resources,financial structure,solvency and adaptability of a reporting entity. Discuss in 250 words or less.

The four major financial reports that summarize the effects of economic events (like the results of operations) on a business for a specific time period or accounting period are called what? Group of answer choices tax returns managerial statements financial statements economic statements