Question
Correctly order the below Income Statement and Balance Sheet. Solve for the missing items using the available solutions at the bottom. Income Statement Total Revenue
Correctly order the below Income Statement and Balance Sheet. Solve for the missing items using the available solutions at the bottom.
Income Statement
Total Revenue 27625
Cost of Revenue 20730
Gross Profit 6895
Selling Expense 760
Income Before Tax
R&D Expense 1055
Labor Expense
General and Admin Expenses 14502
Interest Expense 923
Income Tax Expense
Net Income - -12888
Balance Sheet
Common Stock 16
Retained Earnings
Net Receivables
Inventory 3000
Other Current Assets 748
Total Current Assets
Cash and Cash Equivalents 10301
Other Long Term Assets 4420
Total Long Term Assets 5174
Total Assets 24, 342
Accounts Payable 2010
Current Portion of Long Term Debt
Other Long Term Liabilities 1049
Long Term Bonds (Liability) 742
Capital Leases (Long Term Liability) 965
Total Current Liabilities 3936
Short Term Investments 51
Long Term Investments 45
Total Liabilities and Equity
Other Current Liabilities 1006
Bank Loans (Long Term)
Depreciation 65
Operating Income - -11362
Property Plant and Equipment 505
Goodwill 0
Other Long Term Investments 204
Total Liabilities 6692
Redeemable Preferred Stock 74
Preferred Stock 150
Capital Surplus - 38624
Match the following missing items with the provided answers: a. Total Current Assets b. Short/Current Long Term Debt c. Gross profit d. Bank loans (long term) e. Net receivables f. Income tax expense g. Retained earnings h. Total liabilities and owner's equity i. Labor expense 1. 6895 2. 3 3. 1875 4. 5068 5. 920 6. 19168 7. -21214 8. 24342 9. 0 10. 748
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