daley company was started on january 1 2016 and experienced the following events during its first year of operation
b. Determine the amount of total assets that Daley would report on the December 31, 2016, balance sheet.
c. Identify the asset source transactions and related amounts for 2016.
d. Determine the net income that Daley would report on the 2016 income statement. Explain why dividends do not appear on the income statement.
e. Determine the net cash flows from operating activities, financing activities, and investing activities that Daley would report on the 2016 statement of cash flows.
f. Determine the percentage of assets that were provided by investors, creditors, and earnings.
g. What is the balance in the Retained Earnings account immediately after Event 3 is recorded?

