Question 31% 2:06 PM [ + Note: This mini-case is the first part of The Cheesecake Factory serial case contained in every chapter in this textbook The Cheesecake Factory Incorporated (NASDAQ: CAKE) was started by Evelyn Overton when she sold cheesecakes from her basement in Detroit in the 1940s. Its first restaurant opened in Beverly Hills in 1978. Cheesecake Factory has been a publicly held corporation since 1993 and currently has 185 restaurants and two bakery facilities. Its fiscal year end is the Tuesday closest to December 31 each year. To follow are Cheesecake Factory's four basic financial statements for its most recent year, the year ending January 3, 2017. The Cheesecake Factory Incorporated Consolidated Statement of Income (Adapted for Educational Use) For Year Ended January 3, 2017 thousands Revenues Costs and expenses: Cost of sales Labor expenses Depreciation and amortization expense Other expenses Total costs and expenses Income from operations Interest and other expense, net Income before income taxes Income tax expense Net income S 2.275.719 526,628 159.998 38.010 700,090 2874726 Note Information presented here should not be used for investment decisions Data from the US Securities and Exchange Commission EDGAR Company Flaps www.p The Cheesecake Factory Incorporated Statement of Retained Earnings (Adapted for Educational Use) For Year Ended January 3, 2017 in thousands 200993 19225 191768 52274 139694 Retained earnings balance, 12/29/2015 Add: Net income Less Dividends declared Retained earnings balance, 1/3/2017 $ 1,140,788 139.494 (42.270 1.238.012 Note Information presented here should not be used for investment decisions. Date from the US Securities and Exchange Commision EDGAR Company Filag, www.g lanted and condensed for educational use and she Question 31% 2:06 PM [ + Current assets The Cheesecake Factory Incorporated Consolidated Balance Sheet (Adapted for Educational Use As of January 3, 2017 Assets Cash and cash equivalents Accounts receivable Income tax receivable Other receivables Inventories Prepaid expenses Total current assets Property and equipment.net Other assets Intangible assets, net Prepaid rent Other assets Total other assets Total assets Liabilities and Stockholders' Equity Current Sabilities Accounts payable Other accrued expenses Total current liabilities 53.839 15632 64.592 34926 52.438 221427 910334 23,054 42.162 96.542 161.758 1.293.319 5 41,564 334962 Noncurrent liabilities Stockholder's equity Preferred stock Common stock Additional paid in capital Retained earnings Treasury stock Total stockholder's equity Total liabilities and stockholder's equity Note: Information presented here should not be used for investment decisions Duta from the US Securities and Exchange Commission EDGAR Company Filings, www.sec.go 376526 313.586 967 774,137 1,238,012 (1,409 889) 603,207 1,293,319 The Cheesecake Factory Incorporated Statement of Cash Flows (Adapted for Educational Use) For Year Ended January 3, 2017 in thousands) Cash flows provided by operating activities Cash flows used in investing activities Cash flows used by financing activities Net change in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period $ 302.520 (159,461) (133.074) 9.985 43,854 53.839 Question 28% 2:11 PM + 104 APPLY YOUR KNOWLEDGE Serial Case C5-74. (Learning Objective 4: Analyze accounts receivable for a company in the restaurant industry) Note: This case is part of The Cheesecake Factory serial case contained in every chapter in this textbook The Cheesecake Factory Incorporated (NASDAQ CAKE) operates two bakenes in the United States where it makes aves 70 desserts for its own restaurants. In addition, the Cheesecake Factory bakeries sell selected deserts. In a variety of foodservice operators and retailers, including Sam's Club, Walmart, Target, BJ's Wholesale Club, and Barnes & Noble Cas The Cheesecake Factory has accounts receivable on its financial statements. The primary source of its accounts receivable is its sales te bakery customers. Requirements 1. Identify the financial statement where The Cheesecake Factory accounts receivable would be found. What is the balance of The Cheesecake Factory's accounts receivable as of January 3, 2017? Did its accounts receivable balance increase or decrease since its 2015 fiscal year? 2. Assume that BJ's Wholesale Club places an order with The Cheesecake Factory bakery for 1,000 Cheesecake Factory Original Cheesecakes on account (FOB shipping point) for a total cost of $7,500. No discount was offered for early payment. Write the journal entry. if any, which would be made on each of the following dates by The Cheesecake Factory fignore the cast of sales joumal entry here): a. Order date h. Shipment date c. Payment date 3. How will The Cheesecake Factory's assets, liabilities, and equity be impacted on each of the previous dates related to BJ's Wholesale Club order? I need help answering all of these questions