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b. Complete an income statement and a balance sheet for Belmond. c. If you were asked to respond to parts (a) and (b) as part

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b. Complete an income statement and a balance sheet for Belmond. c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your your answers? b. Complete an income statement and a balance sheet for Belmond. Complete the income statement below: (Select from the drop-down menus and round to the nearest dollar.) Belmond, Inc. Income Statement $ Gross Profit $ $ Net Operating Income b. Complete an income statement and a balance sheet for Belmond. c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could your answers? Belmond, Inc. Income Statement Gross Profit $ $ Net Operating Income $ Earnings before Taxes $ Net Income Ek on the icon in order to copy its contents into a spreadsheet.) Inventory 6,480 Common stock 44,970 Cash 16,590 Operating expenses 1,310 Short-term notes payable 590 Interest expense 930 Depreciation expense 510 Sales 12,750 Accounts receivable 9,610 Accounts payable 4,780 Long-term debt 54,500 Cost of goods sold 5,800 Buildings and equipment 122,170 Accumulated depreciation 33,620 Taxes 1,410 General and administrative expense 800 Retained earnings

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