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South Fitness, Incorporated, reported the following information for the six-month period ended June 29, 2019. Items are listed alphabetically and are in thousands of dollars.
South Fitness, Incorporated, reported the following information for the six-month period ended June 29, 2019. Items are listed alphabetically and are in thousands of dollars.
Accounts Payable$ 1,028,700Accounts Receivable594,000Advertising Expense70,000Cash (January 1, 2019)1,384,000Cash (June 29, 2019)1,070,000Common Stock1,525,000Dividends310,000Equipment3,066,000Income Tax Expense79,000Inventory649,000Notes Payable348,300Office Expense657,000Operating Expenses694,000Retained Earnings (January 1, 2019)2,726,000Sales Revenue1,730,000Supplies169,000
Other cash flow information: Cash received from issuing common stock$ 58,000Cash paid to purchase equipment530,000Cash paid to suppliers and employees1,432,000Cash received from customers1,716,000Cash received from sale of long-term assets184,000Dividends paid to stockholders310,000
- Prepare an income statement for the six months ended June 29, 2019. (Enter your answers in thousands.)
\begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ SOUTH FITNESS, Incorporated } \\ \hline Income Statement \\ \hline For the Six Months Ended June 29, 2019 \\ \hline (in thousands) \\ \hline \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}
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