(Related to Checkpoint 3.2) (Review of financial statements) A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is found here: ? a. How much is the firm's net working capital? b. Complete an income statement and a balance sheet for Belmond. c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your boss about the company's financial condition based on your answers? a. How much is the firm's net working capital? * Data Table The firm's net working capital is $ . (Round to the nearest dollar.) b. Complete an income statement and a balance sheet for Belmond. Complete the income statement below: (Select from the drop-down menus 6,500 45,000 16,550 1,350 Belmond, Inc. Income Statement Revenues Cost of Goods Sold Gross Profit Operating Expenses Depreciation Expense Interest Expense Net Operating Income General and Administrative Expense Earnings before Taxes Inventory Common stock Cash Operating expenses Short-term notes payable Interest expense Depreciation expense Sales Accounts receivable Accounts payable Long-term debt Cost of goods sold Buildings and equipment Accumulated depreciation Taxes General and administrative expense Retained earnings 900 500 12,800 9,600 4,800 55,000 5,750 122,000 34,000 1,440 850 Income Taxes (Click on the icon in order to copy its contents into a spreadsheet.) Belmond, Inc. Balance Sheet Cash Accounts Receivable Inventories Current Assets Buildings and Equipment Less: Accumulated Depreciation Net Plant and Equipment Total Assets Complete the liabilities and owners' equity part of the balance sheet below: (Select from Belmond, Inc. Balance Sheet (Cont'd) Accounts Payable Short-term Notes Payable Current Liabilities Net Plant and Equipment Total Assets Complete the liabilities and owners' equity part of the balance sheet below: (Select from the drop-down menus and round to the nearest dollar.) Belmond, Inc. Balance Sheet (Cont'd) Accounts Payable Short-term Notes Payable Current Liabilities Long-term Debt Total Liabilities Common Stock Retained Earnings Owners' Equity Total Liabilities and Owners' Equity c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your boss about the company The company is in a relatively short-term financial condition since the net working capital is A litat (Related to Checkpoint 3.2) (Review of financial statements) A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is found here: ? a. How much is the firm's net working capital? b. Complete an income statement and a balance sheet for Belmond. c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your boss about the company's financial condition based on your answers? a. How much is the firm's net working capital? * Data Table The firm's net working capital is $ . (Round to the nearest dollar.) b. Complete an income statement and a balance sheet for Belmond. Complete the income statement below: (Select from the drop-down menus 6,500 45,000 16,550 1,350 Belmond, Inc. Income Statement Revenues Cost of Goods Sold Gross Profit Operating Expenses Depreciation Expense Interest Expense Net Operating Income General and Administrative Expense Earnings before Taxes Inventory Common stock Cash Operating expenses Short-term notes payable Interest expense Depreciation expense Sales Accounts receivable Accounts payable Long-term debt Cost of goods sold Buildings and equipment Accumulated depreciation Taxes General and administrative expense Retained earnings 900 500 12,800 9,600 4,800 55,000 5,750 122,000 34,000 1,440 850 Income Taxes (Click on the icon in order to copy its contents into a spreadsheet.) Belmond, Inc. Balance Sheet Cash Accounts Receivable Inventories Current Assets Buildings and Equipment Less: Accumulated Depreciation Net Plant and Equipment Total Assets Complete the liabilities and owners' equity part of the balance sheet below: (Select from Belmond, Inc. Balance Sheet (Cont'd) Accounts Payable Short-term Notes Payable Current Liabilities Net Plant and Equipment Total Assets Complete the liabilities and owners' equity part of the balance sheet below: (Select from the drop-down menus and round to the nearest dollar.) Belmond, Inc. Balance Sheet (Cont'd) Accounts Payable Short-term Notes Payable Current Liabilities Long-term Debt Total Liabilities Common Stock Retained Earnings Owners' Equity Total Liabilities and Owners' Equity c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your boss about the company The company is in a relatively short-term financial condition since the net working capital is A litat