Yang Company reported the following balance sheet for the end of 2012: 
During 2013, Yang reported the following transactions:
• Repaid $8,000 to a local bank on a note payable
• Provided services to clients for $26,400 cash
• Paid operating expenses of $19,200
• Paid $3,500 cash dividends to stockholders
Required:
Prepare Yang Company's balance sheet as of December 31, 2013
Definitions:
Cash Cows
Products or business units that generate significantly more revenue than they consume in resources, often funding other areas of a business.
BCG Matrix
A strategic business tool that uses market growth and market share to categorize business units or products into four quadrants: Stars, Question Marks, Cash Cows, and Dogs.
Situation Analysis
An assessment of the current circumstances or factors affecting a specific organization, project, or business venture, to inform strategic planning.
Market Summary
A comprehensive overview of the market's performance, including trends, volume, price changes, and overall market health.
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