Fill in the blank with your answer. Each case is independent of one another. Case 1 Case 2 Case 3 $40,000 $75,000 25,000 20,000 10,000 Total assets, end of period Total liabilities, end of period Share Capital, end of period Retained earnings, beginning of period Net income for the period Dividends for the period 10,000 15,000 8,000 2,000 $ 15,000 5,000 8,000 7,000 1,000 3,000 Case 4 $50,000 10,000 15,000 20,000 9,000

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business…