(1) Using the data for Brady and Co. provided in the sheet labeled "Trial Balance" prepare: Balance Sheet - comparative, classified in proper format for fiscal years 2015 and 2016 Income Statement - multiple-step for fiscal years 2015 and 2016. Include earnings per share data. Statement of Retained Earnings for 2016. Use separate sheets, appropriately named, for each financial statement in good form. List 5 notes that would be required if you were also preparing the notes to these financial statements Do not prepare the notes, just briefly list the accounts, etc. for which GAAP would require disclosure based on Brady's financial statements. Brady and Co. List of Accounts from General Ledger in Alphabetical Order December 31, 2016 (thousands of dollars) 2016 Dr Cr 1,079,837 3.245.967 721,358 450,356 90.476 350,191 85,000 1,999,999 402,634 299,304 75 124,645 249,046 751.329 284,000 2,763,584 849,869 81.236 440,263 2015 Der Cr Accounts Payable 999.210 Accounts Receivable 2.943,125 Accrued Liabilities - Other 508.643 Accrued Pension Liabilities 650.216 Accrued Restructuring Charges 126.000 Accrued Salaries, Wages and Commissions 281,364 Accumulated Other Comprehensive Income (Loss) 621,236 Accumulated Depreciation - Property. Plant & Equipment 1,829,634 Accumulated Post-Employment Benefit Obligation (long-term) 802,316 Additional Paid-in Capital, Common Stock 299 304 Additional Paid-in Capital, Preferred Stock 75 Allowance for Doubtful Accounts 125.436 Bonds Payable 244,563 Cash and Cash Equivalents 401,236 Common Stock 300.000 Cost of Goods Sold 3,000,235 Current Portion of Long-term Debt 720,125 Deferred Tax Assets (current) 62,596 Deferred Tax Liabilities (long-term) 229.000 Depreciation Expense 307,200 Dividends - Common 292,351 Dividends - Preferred 2,000 General & Administrative Expenses 1,732,429 Goodwill and Other Intangibles 3,212,491 Income Taxes Payable 246,002 Interest Expense 201,366 Interest Income 10.126 Investments in unconsolidated affiliated companies 1,235,000 Inventories 163,214 Long-term Debt 3.223,713 (Loss) Income from Discontinued Operations, net of tax 28,100 Preferred Stock 900 Prepaid Expenses 141,029 Property. Plant and Equipment 2,943,216 Provision for income taxes 245.105 Research and Development Expenses 199,500 Restructuring Charges 199,506 Retained Earnings, beginning 2.960.256 Sales 8,430,061 Selling Expenses 19,365 Short-term Investments 20,000 Treasury Stock, at cost 4,472.969 Unearned Revenues 456.325 22.443.269 22.443.269 Net Income (loss) 311.236 214,956 945 1.459.695 3,212,491 102,563 250.000 18.227 1.456.896 224,561 3,702,700 7,453 900 170 296 3,936.726 201.636 496,597 255.013 5.173.286 6,526,967 58.890 26.800 4,263,984 423,689 23.382.839 23.3822838 Weighted average number of common shares: FY 2016: Basic Diluted FY 2015: Basic Diluted 208,448,076 shares 210,348,076 shares 218,464,140 shares 220,964,140 shares (1) Using the data for Brady and Co. provided in the sheet labeled "Trial Balance" prepare: Balance Sheet - comparative, classified in proper format for fiscal years 2015 and 2016 Income Statement - multiple-step for fiscal years 2015 and 2016. Include earnings per share data. Statement of Retained Earnings for 2016. Use separate sheets, appropriately named, for each financial statement in good form. List 5 notes that would be required if you were also preparing the notes to these financial statements Do not prepare the notes, just briefly list the accounts, etc. for which GAAP would require disclosure based on Brady's financial statements. Brady and Co. List of Accounts from General Ledger in Alphabetical Order December 31, 2016 (thousands of dollars) 2016 Dr Cr 1,079,837 3.245.967 721,358 450,356 90.476 350,191 85,000 1,999,999 402,634 299,304 75 124,645 249,046 751.329 284,000 2,763,584 849,869 81.236 440,263 2015 Der Cr Accounts Payable 999.210 Accounts Receivable 2.943,125 Accrued Liabilities - Other 508.643 Accrued Pension Liabilities 650.216 Accrued Restructuring Charges 126.000 Accrued Salaries, Wages and Commissions 281,364 Accumulated Other Comprehensive Income (Loss) 621,236 Accumulated Depreciation - Property. Plant & Equipment 1,829,634 Accumulated Post-Employment Benefit Obligation (long-term) 802,316 Additional Paid-in Capital, Common Stock 299 304 Additional Paid-in Capital, Preferred Stock 75 Allowance for Doubtful Accounts 125.436 Bonds Payable 244,563 Cash and Cash Equivalents 401,236 Common Stock 300.000 Cost of Goods Sold 3,000,235 Current Portion of Long-term Debt 720,125 Deferred Tax Assets (current) 62,596 Deferred Tax Liabilities (long-term) 229.000 Depreciation Expense 307,200 Dividends - Common 292,351 Dividends - Preferred 2,000 General & Administrative Expenses 1,732,429 Goodwill and Other Intangibles 3,212,491 Income Taxes Payable 246,002 Interest Expense 201,366 Interest Income 10.126 Investments in unconsolidated affiliated companies 1,235,000 Inventories 163,214 Long-term Debt 3.223,713 (Loss) Income from Discontinued Operations, net of tax 28,100 Preferred Stock 900 Prepaid Expenses 141,029 Property. Plant and Equipment 2,943,216 Provision for income taxes 245.105 Research and Development Expenses 199,500 Restructuring Charges 199,506 Retained Earnings, beginning 2.960.256 Sales 8,430,061 Selling Expenses 19,365 Short-term Investments 20,000 Treasury Stock, at cost 4,472.969 Unearned Revenues 456.325 22.443.269 22.443.269 Net Income (loss) 311.236 214,956 945 1.459.695 3,212,491 102,563 250.000 18.227 1.456.896 224,561 3,702,700 7,453 900 170 296 3,936.726 201.636 496,597 255.013 5.173.286 6,526,967 58.890 26.800 4,263,984 423,689 23.382.839 23.3822838 Weighted average number of common shares: FY 2016: Basic Diluted FY 2015: Basic Diluted 208,448,076 shares 210,348,076 shares 218,464,140 shares 220,964,140 shares