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Use the given data to prepare Blue Bird Sporting Goods Company's statement of retained earnings for the year ended July 31, 2018 Blue Bird Sporting

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Use the given data to prepare Blue Bird Sporting Goods Company's statement of retained earnings for the year ended July 31, 2018 Blue Bird Sporting Goods Company Statement of Retained Earnings Year Ended July 31, 2018 Thousands Add: Retained earnings, July 31, 2017 $ 136,400 31,400 Cost of goods sold 28,300 Cash Accounts receivable --- . Net revenues KER 177,500 Property and equipment, net 53,000 Common stock Total current liabilities 26,900 17,400 27,500 35,000 11,700 All other expenses 28,000 Inventories R. + Other current assets H44 AM 4,800 Long-term liabilities 24,300 Dividends Other assets BIRI 4

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