Please create A Balance Sheet, Sources and Uses of Funds, The Statement of Changes in Financial Position, Using this Information

Sapid Sweets

Trial Balance

In thousands of dollars

December $31,2004$

Account Debit Credit

Cash $$9,487$

Accounts Receivable $$59,725$

Inventory $$55,976$

Patent $$1,250$

Equipment $$65,898$

Buildings, Plants and Warehouses $$137,900$

Deferred Taxes $$3,098$

Prepaid Expenses $$10,029$

Marketable Securities $$150,000$

Short$-$Term Debt $$12,109$

Long$-$Term Debt $$136,501$

Accrued Taxes $$2,987$

Accounts Payable $$20,867$

Shareholders' Equity $$50,000$

Retained Earnings $-$ Previous Year $$161,922$

Interest Expense $$7,256$

Sales $$525,690$

Rent $$15,000$

Salaries and Wages $$15,600$

Advertising and Promotions $$132,987$

Research and Development $$6,872$

Transportation and Shipping $$37,900$

Administrative Expenses $$1,000$

Cost of Goods Sold $$200,098$

Total $$910,076$ $$910,076$

Sapid Sweets

Income Statement

In thousands of dollars

Year ending December $31,2004$

Sales $$525,690$

Cost of Goods Sold $$200,098$

Gross Profit $$325,592$

Rent $$15,000$

Salaries and Wages $$15,600$

Adverting and Promotions $$132,987$

Research and Development $$6,872$

Transportation and Shipping $$37,900$

Administrative Expenses $$1,000$

Total Operating Expenses $$209,359$

Operating Income $($EBIT$)$ $$116,233$

Interest Expenses $$7,256$

Pre$-$Tax Net Income $$108,977$

Income Taxes $($Accrued Taxes$)$ $$2,987$

Net Income After Taxes $$105,990$

Sapid Sweets

The Statement of Retained Earnings

In thousands of dollars

Year ending December $31,2004$

Retained Earnings $($beginning balance$)$ $$161,922$

Net earnings for the year $$105,990$

Dividends $$-$ $$105,990$

Retained earnings $($ending balance$)$ $$267,912$