What is the total equity and what it total revenue, Financial Accounting

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What is the total equity and what it total revenue

Discussion Post: Income Statement

Calculate the retained earnings balance, and answer the following questions:

• What is the time period covered by the statement?
• How does this differ from the income statement?
• What is the total equity?
• What it total revenue?
• What is total assets?
• What is the balance (amount) of retained earnings?
• What is total liabilities?
• Can the company purchase an additional automobile for $20,000?

The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.

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