This document discusses the link between a company's balance sheet and income statement. It shows a balance sheet from 2001 with assets of $170, liabilities of $100, and owner's equity of $70. The income statement for 2002 shows revenues of $480, expenses of $469.8, and a net profit of $10.2. It then shows the 2002 balance sheet with assets of $190, liabilities of $113, owner's equity of $77, and retained earnings increased to $7, with dividends of $3.2 paid out.

1. The Link Between the Balance Sheets and the Income Statement http://www.drawpack.com your visual business knowledge business diagrams, management models, business graphics, powerpoint templates, business slides, free downloads, business presentations, management glossary Assets $170 Liabilities $100 Owner‘s equity $70 Revenues $480 Expenses $469.8 Net Profit $10.2 Assets $190 Liabilities $113 Owner‘s equity $77 Retained earnings $7 Dividends $3.2 Balance Sheet December 31, 2002 Income Statement Year 2002 Balance Sheet December 31, 2001

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