Required: Prepare the company's income statement and balance sheet for December 31, 2016.

The company paid no dividends during the year.

Cabela's Incorporated has the following account balances as of December 31, 2016, the end of its fiscal year (S thousands) Accounts payable Accounts receivable Gift instruments and rewards programs Income tax expense Inventories Merchandise costs Other current assets Cash and cash equivalents Credit card loans, net Contributed capital Interest expense, net Long-term liabilities Other current liabilities Long-term assets Retained earnings Selling, distribution, and administrative expenses Total revenue Debit Credit 347,784 76,140 687,865 100,653 860,360 2,426,985 207,981 312,522 5,579,575 258,712 26,340 4,269,455 1,954,121 1,605,940 4,129,359 1,934,246 1,428,434