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Multiple part question. Accounts Payable Accounts Receivable Advertising Expense Cash (January 1, 2016) Cash (October 1, 2016) Common Stock Equipment Office Expenses Income Tax Expense
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Accounts Payable Accounts Receivable Advertising Expense Cash (January 1, 2016) Cash (October 1, 2016) Common Stock Equipment Office Expenses Income Tax Expense Interest Expense Inventories Notes Payable Operating Expenses Retained Earnings (January 1, 2016) Sales Revenue Supplies $520,000 461,900 80,400 665,000 678,160 833,700 256,000 114,500 18,900 3,200 215,600 54,300 263,700 260,900 510,460 87,000 Other cash flow information: Cash received from issuing common stock Cash paid to purchase equipment Cash paid to suppliers and employees Cash received from customers Cash received from sale of long-term assets Dividends paid to stockholders $ 39, 460 67,400 489,300 529,700 700 Required: 1. Prepare an income statement for the nine months ended October 1, 2016. (Enter your answers in thousands.) FITBIT, INC. Income Statement For the Nine Months Ended October 1, 2016 (in thousands) Revenues Sales Revenue Accounts Receivable Total Revenues Expenses Operating Expenses Advertising Expense Office Expenses Interest Expense Income Tax Expense Supplies Total Expenses Net Income 2. Prepare a statement of retained earnings for the nine months ended October 1, 2016. (Enter your answers in thousands.) FITBIT, INC. Statement of Retained Earnings (in thousands) Retained Earnings, January 1, 2016 Retained Earnings, October 1, 2016 3. Prepare a balance sheet for the nine months ended October 1, 2016. (Enter your answers in thousands.) FITBIT, INC. Balance Sheet (in thousands) 4. Prepare a statement of cash flows for the nine months ended October 1, 2016. (Cash outflows should be entered as negative amounts. Enter your answers in thousands.) FITBIT, INC. Statement of Cash Flows (in thousands) Cash Flows from Operating Activities: Cash Flows from Investing Activities: Cash Flows from Financing Activities: FITBIT, INC. Statement of Cash Flows (in thousands) Cash Flows from Operating Activities: Cash Flows from Investing Activities: Cash Flows from Financing ActivitiesStep by Step Solution
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