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Below is a random list of items that belong on either an agribusinesses balance sheet or income statement. Using this information, construct a balance sheet
Below is a random list of items that belong on either an agribusinesses balance sheet or income statement. Using this information, construct a balance sheet dated December 31, 2018 and an income statement from January 1, 2018 to December 31, 2018. NOTE: You need to create both a balance sheet and income statement from everything below that is formatted so that a manager can easily read the information. Every item will only be used once. I would first figure out if the items belong on a balance sheet or income statement, then arrange them accordingly Income Tax Expense $ 96,000.00 Other Non-Current Assets $ 930,000.00 EXpanse $ Others 4,000.00 $ 5,579,000.00 Other Current Assets $ Interest Expense 87,000.00 $ Utility Expense 2,500.00 $ Selling, General, and Administrative 538,000.00 $ 3,082,000.00 Accounts Payable 5,982,000.00 Other Current Liabilities $ $ 6,730,000.00 $ 4,231,000.00 $ 8,483,000.00 $ 15,800,000.00 $ 5,319,000.00 $ 9,885,000.00 3,500.00 Labor Expense Long Term Liabilities Account Receiva bles Inventory Total Sales Long Term Investments Property Plant and Equipment $ 590,000.00 Current Portion of Long Term Debt $ 915,000.00 Cash $ 2,240,000.00 $ 4,065,000.00 Other Long Term Liabilities Long Term Intangible Assets $14,742,000.00 Cost of Goods Sold The following items also need to be on the balance sheet or income statement, but will need to be calculated. In other words, you will use the numbers given above and be able to calculate these items Net Income Total Current Liabilities Equity Earnings Before Taxes (EBT) Total Liabilities Earnings Before Interest and Taxes (EBIT) Total Current Assets Gross Profit/Margin Total Operating Expenses Total Non-Current Assets Total Assets Total Non-Current Liabilities
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