Prepare the reformulated income statement and balance sheet

question is the entire income statement/balance sheet

The following are partial financial statements for an industrial firm that you are required to analyze and value. All amounts are in millions of dollars. Income Statement for Fiscal Year 2004 2,000 1,500 500 Sales Cost of goods sold Gross margin Selling and general expenses Operating income Interest income 205 Interest expense Restructuring charge Income before tax Income taxes Net income J 110 Balance Sheet. Year 2004 Assets 2004 2003 Operating assets 1036 A 910 Debt securities 110 B90 Operating liabilities Financing debt Perferred stock Common equity Liabilities and Equity 2004 2003 C60 360 340 100 E 573 500 D1146 1,000 100 1,146 1,000 Statement of Common Shareholders Equity, Year 2004 Balance, end of 2003 F 500 G110 (30) Net income Common dividends Preferred dividends Unrealized loss on debt securities held Foreign currency translation gain ) (5) Balance, end of 2004 I 573 Negative numbers lare italicized accts To answer the remainder of the questions, prepare the reformulated income statement and balance sheet: Income Statement 2004 Coreoperating income Tax reported Toxon unusual ten Toxon Net Financial Expense Care Ofert Unusual item restructuring) Taxon 0.353) Foreign currency goin Operating income Ne financial expense: Interest expense Interest income Tox ( 353) Unrealized loss on debt Preferred dividends Comprehensive income Balance Sheet 2004 Net Operating Assets Net Financial Obligations Common Shareholder's Equity Operating Assets Operating Liebe Net Operating Assets Financial Liabilities Financial Assets Net Financial Obligations The reformulated balance sheet is balanced in the following manner: Net Operating Assets (NOA) - Operating Assets - Operating Liabilities Net Financial Obligations (NFO) - Financial Obligations - Financial Assets Common Shareholders' Equity (CSE) - NOA - NFO Negative numbers lare italicized accts To answer the remainder of the questions, prepare the reformulated income statement and balance sheet: Income Statement 2004 Coreoperating income Tax reported Toxon unusual ten Toxon Net Financial Expense Care Ofert Unusual item restructuring Taxon ( 0.353) Foreign currency gain Operating income Ne financial expenses Interest expense Interest income Tox ( 353) Unrealed loss on debt Preferred dividends Comprehensive income Balance Sheet 2004 Net Operating Assets Net Financial Obligations Common Shareholder's Equity Operating Assets Operating Liebes Net Operating Assets Financial Liabilities Financial Assets Net Financial Obligations The reformulated balance sheet is balanced in the following manner: Net Operating Assets (NOA) - Operating Assets - Operating Liabilities Net Financial Obligations (NFO) - Financial Obligations - Financial Assets Common Shareholders' Equity (CSE) - NOA - NFO