Question 1 Of 1 25 Points Construct An Income Statement And Balance Sheet From The Given Items. (For The Ferna Company For The Year Ended Dec. 31, 20AA, In Millions) Accumulated Depreciation 800 Accounts Payable 100 Accounts Receivable 400 Administrative Expenses 100 Capital Surplus 400 Cash 100 Common Stock 300 Cost Of Goods Sold 1,100 Depreciation Expense

 

Question 1 of 1 25 Points Construct an income statement and balance sheet from the given items. (For the Ferna Company for the year ended Dec. 31, 20AA, in Millions) Accumulated Depreciation 800 Accounts payable 100 Accounts Receivable 400 Administrative Expenses 100 Capital surplus 400 Cash 100 Common stock 300 Cost of Goods Sold 1,100 Depreciation expense 203 Interest expense 190 Inventory 600 Long-term debt 1,100 Notes payable 600 Property, Plant and Equipment 2,300 Retained earnings 100 Sales 2,800 Taxes 233 Answer with text and/or attachments: