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a. Prepare an income statement for the nine months ended October 1, 2016. (Enter your answers in thousands.) b. Prepare a statement of retained earnings
a. Prepare an income statement for the nine months ended October 1, 2016. (Enter your answers in thousands.)
b. Prepare a statement of retained earnings for the nine months ended October 1, 2016. (Enter your answers in thousands.)
c. Prepare a balance sheet for the nine months ended October 1, 2016. (Enter your answers in thousands.)
d. Prepare a statement of cash flows for the nine months ended October 1, 2016. (Cash outflows should be entered as negative amounts. Enter your answers in thousands.)
(The following information applies to the questions displayed below.] Fitbit, Inc., reported the following information for the nine-month period ended October 1, 2016. Items are in thousands of dollars. Accounts Payable Accounts Receivable Advertising Expense Cash (January 1, 2016) Cash (October 1, 2016) Common Stock Equipment office Expenses Income Tax Expense Interest Expense Inventories Notes Payable Operating Expenses Retained Earnings (January 1, 2016) Sales Revenue Supplies $519,600 461,500 80,000 664,600 674,120 831,700 255,600 114,100 18,500 2,800 215, 200 53,900 263,300 260,500 506,020 86,600 Other cash flow information: Cash received from issuing common stock Cash paid to purchase equipment Cash paid to suppliers and employees Cash received from customers Cash received from sale of long-term assets Dividends paid to stockholders $ 39, 420 67,000 488,900 525,700 300 0Step by Step Solution
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