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Green Valley Company prepared the following that balance at the end of its first year of operations ending December 31 To simply the case, the

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Green Valley Company prepared the following that balance at the end of its first year of operations ending December 31 To simply the case, the amounts given are in thousands of dollars UNADJUSTED Account This Del Credit Cash 20 Accounts receivable 13 Prepaid insurance 8 Machinery 85 Accumulated depreciation Accounts payable 11 Wages payable locomotxes payable Common stock 14000 Shares Adical paid in capital 61 Ruting 5 Revenues (hosted) Exponated Total 16 11 Omera bot yet recorded at Decembe include mance expired.net vages pa 54 Depreciation expense for the current a income tax expert D44. 2:50 PM 2 o Type here to search 4 67 6 Common stock (4,000 shares Additional pald.in capital Retained eaming Revenues (no detailed) Expenses (not detailed) Totals 82 32 166 164 Other data not yet recorded at December 31 include a Insurance expired during the current year. 57 b. Wages payable, $4 c. Depreciation expense for the current year 59 d income tax expense, $11 Required: 1. Using the adjusted balances, prepare an income statement for the current year Round "Earnings per Share to 2 decimal places, Enter your answers in thousands.) GREEN VALLEY COMPANY locoMe Sten in thousands of 5 Earrings por share 2. Using the adjusted balances prepare statement of stockholders equity for the current year. The balance in retained earnings represents dividends that were declared and paid in the current year (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands) GREEN VALLEY COMANY Stament of Stockholders Equity in thousands of dollar Com Addition Sinck Retained ENS Stockholster Equity Beginning balances 5 OS 05 015 Ending balances 3. Use and prepare for current year Amounts to be ted should be indicated with other your answers in the REVALTY COMPANY Dalt Assets Curse M AU 242 Type to search 3. Using the adjusted balances prepwe balance sheet for the current year. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands) GREDI VALLEY COMINY Bata Sheet Assets Currents Total current Total Liabilities stockholders equity Current Tour Stockholders guilty AUGODA an $ Total assets Liabilities and stockholders' equity Current Liabilities: Total liabilities and stockholders' equity Stockholders' equity Total liabilities and stockholders' equity $ 0

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