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Financial Statements (44 points) Tivoli Gardens has the following information from their adjusted trial balance. Account Accounts Payable Accounts Receivable Accumulated Depreciation - PPE Accumulated
Financial Statements (44 points) Tivoli Gardens has the following information from their adjusted trial balance. Account Accounts Payable Accounts Receivable Accumulated Depreciation - PPE Accumulated Other Comprehensive Income Additional Paid in Capital Amortization Expense Cash and Cash Equivalents Common Stock Cost of Goods Sold Depreciation Expense Dividends Gain on Sale of Discontinued Operations Gain on Sale of Held-To-Maturity Securities Goodwill Impairment of Intangible Assets Interest Expense Interest Revenue Inventory Long-Term Debt Long-Term Investments Loss on Currency Translations Loss on Operations from Discontinued Segment Other Current Assets Patents, net Prepaid Expenses Property, Plant, and Equipment R&D Expense Restricted Cash Restructuring Charges Retained Earnings Revenues Selling, General, and Administrative Expenses Short Term Investments Short-Term Notes Payable Treasury Stock Unearned Revenues Unrealized Gain in Value of Derivative Securities Unrealized Loss on Trading Securities Balance $62,000 $41,000 $116,000 $17,000 $159,000 $5,000 $79,000 $6,000 $1,650,000 $20,000 $8,000 $60,000 $1,000 $26,000 $40,000 $10,000 $2,000 $88,000 $115,000 $18,000 $14,000 $145,000 $9,000 $28,000 $15,000 $255,000 $90,000 $16,000 $65,000 $75,000 $2,550,000 $480,000 $25,000 $68,000 $42,000 $24,000 $2,000 $2,000 Note: The company also has a 20% tax rate and 500,000 shares outstanding. In addition, they have 150,000 shares available via stock options. $18,000 of the Long-Term Debt is due within the next 12 months. All Prepaid Expenses will be used in the next 12 months and all Unearned Revenues will be earned in the next 12 months. Using this information, create a balance sheet and income statement
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