Watch the video below and answer these questions. The answers can be a dollar amount or two word description.
1. How much is the net income from the Income Statement (dollar amount) ?
2. What is the balance of Total Assets in the Balance Sheet (dollar amount) ?
3. What connects the Income Statement and the Statement of Retained Earnings (two word description) ?
4. What connects the Statement of Retained Earnings and the Balance Sheet (two word description) ?