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Using the following financial information, prepare a complete set of financial statements (income statement, balance sheet, and statement of cash flows) for Walt Disney Company
- Using the following financial information, prepare a complete set of financial statements (income statement, balance sheet, and statement of cash flows) for Walt Disney Company for the fiscal year ending December 31, 2023. Data: total revenue $12,000,000, cost of goods sold $7,000,000, operating expenses $3,000,000, interest expense $500,000, tax expense $700,000, beginning cash balance $500,000, cash paid for equipment $1,500,000, cash received from loans $2,000,000, and cash paid for dividends $300,000. Discuss the financial health of the company based on the prepared statements.
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