Assume that Fitness and Fun, Inc., reported the following information for the nine-month period ended September 30, 2014. Items are listed alphabetically, and are in thousands of dollars.

Required
Prepare the four basic financial statements for the nine months ended September 30, 2014.
Prepare the four statements in the following order:
1. Income statement
Net Income = $58,806,000
2. Statement of retained earnings
Closing Retained Earnings = $258,696,000
3. Balance sheet
Total Assets = $1,595,925,000
4. Statement of cash flows
Cash Provided by Operating Activities = $102,559,000.
Cash Used in Investing Activities = $192,370,000.
Cash Provided by Financing Activities = $91,576,000.

Transcribed Image Text:

$ 102,665 $ 86,234 Accounts Payable Accounts Receivable Other Liabilities 5,318 Retained Earnings (January 1, 2014) Gym Revenues Gym Operating Expenses Advertising and Marketing Expense 199,890 Cash (January 1, 2014) Cash (September 30, 2014) 5,354 7,119 575,667 350,835 23,608 Contributed Capital 381,728 14,739 Selling and Administrative Expense Interest and Other Expenses Income Tax Expense Supplies on Hand 83,207 20,316 Notes Payable 647,120 Accrued Liabilities 119,482 38,895 Property and Equipment 1,451,641 Other Assets 7108וו Other cash flow information: $ 9,061 Cash received from issuing common shares Cash paid to purchase equipment Cash paid to suppliers and employees Repayments of borrowings Cash received from customers 354,255 472,265 13,043 574,824 Cash received from borrowings Cash received from sale of long-term assets Dividends paid to shareholders 95,558 161,885