Able Inc. experienced the following events in 2013, its first year of operations:

1. Received $20,000 cash from the issue of common stock. 
2. Performed services on account for $56,000. 
3. Paid the utility expense of $2,500. 
4. Collected $48,000 of the accounts receivable. 
5. Recorded $10,000 of accrued salaries at the end of the year. 
6. Paid a $2,000 cash dividend to the stockholders. 

Required:

a. Record these events in general ledger accounts under an accounting equation. In the last column of the table, provide appropriate account titles for the Retained Earnings amounts. The first transaction has been recorded as an example.
b. Prepare the income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for the 2013 accounting period. 
c. Why is the ending cash balance the same as the net change in cash on the statement of cash flows?