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C Forever Fitness, Incorporated, reported the following information for the six-month period ended June 29, 2019. Items are listed alphabetically and are in thousands of

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C Forever Fitness, Incorporated, reported the following information for the six-month period ended June 29, 2019. Items are listed alphabetically and are in thousands of dollars. Accounts Payable Accounts Receivable $ 1,028,600 Advertising Expense 593,000 Cash (January 1, 2019) 69,900 Cash (June 29, 2019) 1,383,900 Common Stock 1,069,000 1,523,500 Dividends 309,900 Equipment 3,065,900 Income Tax Expense 78,900 Inventory 648,900 Notes Payable 348,200 Office Expense 656,900 693,900 Operating Expenses Retained Earnings (January 1, 2019) 2,725,900 1,729,000 Sales Revenue 168,900 Supplies 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 $ 57,900 529,900 1,431,900 1,715,000 183,900 309,900 Required: 1. Prepare an income statement for the six months ended June 29, 2019. (Enter your answers in thousands.) Required: 1. Prepare an income statement for the six months ended June 29, 2019. (Enter your answers in thousands.) FOREVER FITNESS, Incorporated Income Statement For the Six Months Ended June 29, 2019 (In thousands) Revenues Sales Revenue $ Operating Expenses Total Expenses Expenses 1.730,000 (657,000) 1,073,000 0 Net Income $ 230,000 2. Prepare a statement of retained earnings for the six months ended June 29, 2019. (Enter your answers in thousands:) FOREVER FITNESS, Incorporated Statement of Retained Earnings (in thousands) Retained Earnings, January 1, 2019 Retained Earnings, June 29, 2019 3. Prepare a balance sheet for the six months ended June 29, 2019. (Enter your answers in thousands.) FOREVER FITNESS, Incorporated Balance Sheet (in thousands) $ 0 0 Next > 18 19 20 21 of 23

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