Soda King Trial Balance
	Debits	Credits
Current assets	$13,134
Property and equipment, net	12,100
Intangible assets, net	7,115
Other assets	6,823
Current liabilities		$9,115
Long-term debt and other liabilities		11,694
Stockholders' equity*		14,725
Net revenue		21,047
Cost of sales	8,956
Selling, general, and administrative expenses	6,598
Other expenses	905
Cash dividends declared	950
Total	$56,581	$56,581
* Includes beginning retained earnings.

Requirement 1. Prepare Soda KingSoda King's income statement for the nine months ended February 3,2011

(Leave any unused cells blank. Use a minus sign or parentheses for a net loss.)

Soda King
Income Statement
For the Nine Months Ended February 3, 2011
Deduct expenses
Net income (loss)

Requirement 2. Prepare

Soda KingSoda King's

balance sheet as of

FebruaryFebruary

3,

20112011.

Begin by preparing the assets section, then complete the balance sheet by preparing the liabilities and stockholders' equity section. (Leave any unused cells blank.)

Soda King
Balance Sheet
February 3, 2011
Assets
Total assets

	Liabilities and Stockholders' Equity
Liabilities
	Total liabilities
Total liabilities and stockholders' equity