Question A: Preparation of Financial Statements (12 marks; 20 minutes) Papa John's International Inc. operates and franchises pizza delivery and carryout restaurants worldwide. The following is a condensed alphabetical list of accounts and amounts reported in its financial statements for 2021. The accounts have normal debit or credit balances and their balances are rounded to the nearest million dollars. The company's fiscal year ends on December 31. Account Title Accounts payable............. Accounts receivable.. Accrued liabilities......... Allowance for doubtful accounts......... Bad debt expense....... Cash and equivalents... Balance $ 37 109 175 7 11 107 Credit card discounts..... 23 Cost of sales............. 1,469 33 Deferred revenue (current)................... Depreciation expenses...... 50 General and administrative expenses. 204 Goodwill.................. 81 Income tax expense. 15 Income tax payable 10 Interest expense...... Inventories...... 17 30