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The following information for the year ended December 31, 2017, was reported by Bloomin' Brands the company that owns and operates Outback Steakhouse and Carrabba's
The following information for the year ended December 31, 2017, was reported by Bloomin' Brands the company that owns and operates Outback Steakhouse and Carrabba's Italian Grillrestaurants. Amounts are in millions of dollars. $ 102 166 1,423 114 Cash (balance on January 1, 2017) Cash (balance on December 31, 2017) Food and Supplies Expenses Accounts Payable Selling and Administrative Expanses Eoud and Supply I: Venturies Noleg Payable Other Assets Otter Liabilities Other Revenues Property, Pixturan, and Equipment Restaurant Sales Revenue Tages and Taxes Payable Utilities and other Expenses Wages Expense Relained Earnings, January 1, 2017 Contributed Capital 538 591 30 2,224 1.640 138 1, 122 1, 114 1,092 $ Other cash flow information: Cash paid to purchase equipment Cash paid to suppliers and employees Cash received from customers Casil received from bark borrowings Repayments of bank borrowings Cash received from sale of fixtures and equipment Other cash outflows used for financing activities other cash outflows used for investing activities Common shares issued to owners in exchange for cash Dividends declared and paid in cash 102 2.596 2,992 120 348 104 Required: Prepare the four basic financial statements for 2017. (Enter your answers in millions. In Statement of cash flows, amounts to be deducted should be indicated by a minus sign.) BLOOMIN' BRANDS Income Statement For the Year Ended December 31, 2017 (in millions) Revenues: Total revenues Expenses: Total expenses BLOOMIN' BRANDS Statement of Retained Earnings For the Year Ended December 31, 2017 fin millions) Rolained carnings, January 1, 2017 Retained earnings, Docomber 31, 2017 S 0 BLOOMIN' BRANDS Balance Sheet At December 31, 2017 fin millions) Total assets Liabilities and owners' equity Liabilities Total liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity
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