S3-15. (Learning Objective 4: Preparing the financial statements) Suppose Hawk Sporting Goods Company reported the following data at March 31, 20X8, with amounts in thousands: LO Retained earnings, March 31, 20X7....... $ 4,000 Cost of goods sold................. Cash....... $142,500 1,700 Accounts receivable....... 37,800 Property and equipment, net... 7,500 Net revenues 188,000 Share capital......... 30,000 Total current liabilities.. 48,000 Inventories 25,000 All other expenses......... 24,300 Other current assets..... Other assets...... 6,400 Long-term liabilities........... Dividends........ 8,000 1,200 31,600 Use these data to prepare Hawk Sporting Goods Company's Income Statement for the year ended March 31, 20X8; statement of changes in equity for the year ended March 31, 20X8; and classi- fied Balance Sheet at March 31, 20X8. Use the report format for the Balance Sheet. Draw arrows linking the three statements.