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Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [ LO 1 - 2 , LO 1 - 3 ] [ The

Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2,
LO 1-3]
[The following information applies to the questions displayed below.]
EZ Fitness, Incorporated, reported the following information for the six-month period ended June 29,2019. Items are listec alphabetically and are in thousands of dollars.
Accounts Payable
Accounts Receivable
Advertising Expense
Cash (January 1,2019)
Cash (June 29,2019)
Common Stock
Dividends
Equipment
Income Tax Expense
Inventory.
Notes Payable
Office Expense
Operating Expenses
Retained Earnings (January 1,2019)
Sales Revenue
Supplies
$1,029,500
602,000
70,800
1,384,800
1,078,000
1,537,000
310,800
3,066,800
79,800
649,800
349,100
657,800
694,800
2,726,800
1,738,000
169,800
Other cash flow information:
Cash received from issuing common stock
Cash paid to purchase equipment
Cash paid to suppliers and employees
Cash received from customers
Cash received from sale of long-term assets
Dividends paid to stockholders
$58,800
530,800
1,432,800
1,724,000
184,800
310,800
CP1-3(Algo) Part 2
2. Prepare a statement of retained earnings for the six months ended June 29,2019.(Enter your answers in thousands.)
\table[[EZ FITNESS, Incorporated],[Statement of Retained Earnings],[For the Six Months Ended June 29,2019],[(in thousands)],[Retained Earnings, January 1,2019],[Add: Net Income,234,800],[Less: Dividends,310,800]]
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