Answer:
Since there is not enough room here, I used an excel spreadsheet to answer the question.
Assets increased by $8,440
Stockholders' equity increased by $8,440
Revenues increased by $8,440
Cash flows increased by $6,040
Explanation:
The accounting equation: Assets = Liabilities + Stockholders' Equity, basically represents how the double entry accounting system works. One side (assets) must always be equal to the other side (liabilities + stockholders' equity).
