Analyzing Financial Statements.

What was the total revenue for the company in 2016?
1. What was the total revenue for the company in 2016?

2. How much did the company spend on advertising in 2016?

3. What was the net income for the company in 2016?

4. What was the total assets for the company in 2016?

5. What was the total liabilities for the company in 2016?

1. The total revenue for the company in 2016 was $70,000.

2. The company spent $10,000 on advertising in 2016.

3. The net income for the company in 2016 was $30,000.

4. The total assets for the company in 2016 were $40,000.

5. The total liabilities for the company in 2016 were $10,000.

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