Listed above in random order are the balance sheet and income statement accounts as at, or for the year ending, April 30, 2019, except where otherwise noted by date for Anderson Boat Builders Inc. (ABBI).

1. Prepare a statement of cost of goods manufactured, an income statement,   and a statement of retained earnings for the year ending April 30. 2019, for ABBI.

2. Prepare a balance sheet as of April 30, 2019, using "Bank loan, due March 2021" as the balancing figure, for ABBI.

ANDERSON BOAT BUILDERS INC.

(in 000s of dollars)

Long-term bank loan.                                      $100

Work-in-process inventory, May 1, 2018.      110

Insurance expense - factory equipment.        22

Net sales.                                                            4,603

Net income after tax.                                        278

Factory heat. light, and power.                        58

Other exnenses, interest.                                85

Cost of goods available for sale.                   3,420

Accounts receivable.                                       448

Wages payable.                                               228

Direct labor.                                                 1,350

Sales returns and discounts.                       243

Raw materials inventory, May 1, 2018.      78

Goodwill (net).                                               248

Prepaid expenses.                                        43

Total manufacturing costs.                        3,173

Accumulated depreciation, factory building, and equipment, May 1, 2018.        1,028                            

Factory supervision.                                    280

Cost of goods sold.                                    3,223

Total cost of work in process, 2019.         3,283

Selling expenses.                                          248

Total current liabilities.                                610

Retained earnings, May (1, 2018).              835

The raw material used.                                1,363

Bonds payable, due 2025.                            493

Factory building and equipment depreciation expense.      100

Marketable securities.                                 85

Common stock.                                             433

General and administrative expenses.      377

Accounts payable.                                        148

Cost of goods manufactured.                    3,193

Taxes payable.                                              83

Office space rental.                                     275

Dividends paid on the common stock, 2019.    23

Raw materials purchases.                            1,355

Factory building and equipment cost.        2,348

Net income from operations.                       490

Investment in the subsidiary.                       388

Other income.                                                 23

Accrued expenses payable.                          18

Preferred shares.                                            358

Estimated income tax.                                    150

Dividends paid on preferred shares, 2019.   28

Cash.                                                                  40

Bank loan, due March 2021.                            ?