Question
Required information [The following information applies to the questions displayed below.] Fitbit, Inc., reported the following information for the nine-month period ended October 1, 2016.
Required information [The following information applies to the questions displayed below.]
Fitbit, Inc., reported the following information for the nine-month period ended October 1, 2016. Items are in thousands of dollars.
Accounts Payable $ 521,000
Accounts Receivable 462,900
Advertising Expense 81,400
Cash (January 1, 2016) 666,000
Cash (October 1, 2016) 688,260
Common Stock 838,700
Equipment 257,000
Office Expenses 115,500
Income Tax Expense 19,900
Interest Expense 4,200
Inventories 216,600
Notes Payable 55,300
Operating Expenses 264,700
Retained Earnings (January 1, 2016) 261,900
Sales Revenue 521,560
Supplies 88,000
Other cash flow information:
Cash received from issuing common stock $ 39,560
Cash paid to purchase equipment 68,400
Cash paid to suppliers and employees 490,300
Cash received from customers 539,700
Cash received from sale of long-term assets 1,700
Dividends paid to stockholders 0
Prepare a balance sheet for the nine months ended October 1, 2016. (Enter your answers in thousands.)
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