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Income Statement, Statement of Retained Earnings, and Balance Sheet

The following list, in alphabetical order, shows the various items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30, 2017 (with the exception of retained earnings, which is the balance on September 1, 2017), and the amounts shown for income statement items are balances for the month ended September 30, 2017.

Accounts payable	$17,200		Furniture and fixtures	$34,600
Accounts receivable	6,570		Land	28,000
Advertising expense	14,140		Notes payable	16,000
Buildings	61,100		Projection equipment	26,700
Capital stock	51,000		Rent expensemovies	49,720
Cash	15,270		Retained earnings	79,480
Concessions revenue	61,000		Salaries and wages expense	46,720
Cost of concessions sold	23,250		Ticket sales	95,860
Dividends paid during the month	8,000		Water, gas, and electricity	6,470

1. 1. Using the data given, prepare an income statement for the month ended September 30, 2017.

   Maple Park Theatres Corp.
   Income Statement
   For the Month ended September 30, 2017
   Revenues:
   Total revenues
   Expenses:
   Total expenses

   2. Using the data given, prepare a statement of retained earnings for the month ended September 30, 2017.

   Maple Park Theatres Corp.
   Statement of Retained Earnings
   For the Month ended September 30, 2017

   3. Using the data given, prepare a balance sheet at September 30, 2017.

   Maple Park Theatres Corp.
   Balance Sheet
   September 30, 2017
   Assets
   Total assets
   Liabilities and stockholders' equity
   Total liabilities and stockholders' equity

   4. You have $1,000 to invest. You want to use it to buy stock in Maple Park? Which of the following information would you least consider before making a final decision?

   1.	Whether the company is operating at a profit?
   2.	The amount of dividends paid by the company.
   3.	The amount of salaries the company pays.
   4.	Current market price of the stock.