Q2-1: Reviewing financial statement (SNT)

Prepare a balance sheet and income statement for SNT, Inc, from the following scrambled list of items:

2-1-1 Show the balance sheet here

2-1-2 Show the income statement here.

2-1-3 Calculate the following profit indicators

- What is the gross profit?

- What is the net operating profit (EBIT)?

- What is the net income?

30.00 120.00 150.00 200.00 62.00 Depreciation expense Cash Long-term debt Sales Account payable General and administrative expense Building and equipment Notes payable Account receivable Interest expense Accrued liabilities Common stock Cost of goods sold Inventory Taxes Accumulated depreciation Accumulated retained earnings 20.00 490.00 184.60 60.00 21.00 10.00 200.00 90.00 180.00 15.60 130.00 113.40