Prepare a balance sheet and income statement as of December 31, 2003, for Belmond, Inc., from the following information. Inventory $6,500.00 General and administrative expenses $850.00 Common Stock $45,000.00 Cash $16,550.0 Operating Expenses $1350.00 Notes Payable $600.00 Interest Expense $900.00 Depreciation Expense $500.00 Net Sales $12,800.00 Accounts payable $4,800.00 Long-term debt $55,000.00 Cost of goods sold $5,750.00 Building & Equipment $122,000.00 Accumulated depreciation $34,000.00 Taxes $1,440.00 Returned earnings ?
Prepare a
Inventory $6,500.00
General and administrative expenses $850.00
Common Stock $45,000.00
Cash $16,550.0
Operating Expenses $1350.00
Notes Payable $600.00
Interest Expense $900.00
Net Sales $12,800.00
Accounts payable $4,800.00
Long-term debt $55,000.00
Cost of goods sold $5,750.00
Building & Equipment $122,000.00
Accumulated depreciation $34,000.00
Taxes $1,440.00
Returned earnings ?
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