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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

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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, 2016 (with the exception of retained earnings, which is the balance on September 1, 2016), and the amounts shown for income statement items are balances for the month ended September 30, 2016. Accounts payable Accounts receivable Advertising expense Buildings Capital stock Cash Concessions revenue Cost of concessions sold Dividends paid during the month $17,410 Furniture and fixtures 6,470 Land 14,300 Notes payable 61,300 Projection equipment 45,000 Rent expense-movies 14,740 Retained earnings 61,710 Salaries and wages expense 23,230 Ticket sales 8,900 Water, gas, and electricity $32,200 26,200 20,000 22,000 49,260 70,940 46,470 96,480 6,470 1. Using the data given, prepare an income statement for the month ended September 30, 2016. Maple Park Theatres Corp. Income Statement For the Month ended September 30, 2016 Revenues: Total revenues Expenses: Total expenses 2. Using the data given, prepare a statement of retained earnings for the month ended September 30, 2016. Maple Park Theatres Corp. Statement of Retained Earnings For the Month ended September 30, 2016 3. Using the data given, prepare a balance sheet at September 30, 2016. Maple Park Theatres Corp. Balance Sheet September 30, 2016 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

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