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Using this information, you are required to prepare the balance sheet (with the categories: Current Assets, Noncurrent Assets, Total Current Liabilities, Total Noncurrent Liabilities and
Using this information, you are required to prepare the balance sheet (with the categories: Current Assets, Noncurrent Assets, Total Current Liabilities, Total Noncurrent Liabilities and Stockholders Equity) and the income statement for the company Transport One-4-All and also find the missing values (in question marks).
The following information is provided for the company Transport One-4-All (figures are in euro): 35,000 50,000 23,000 97,000 15.000 15,000 Other receivables Current portion of long-term debt Land improvements Vehicles Accrued compensation and benefits Other acquired intangible assets (patents and copyrights) Short-term loans payable Accounts receivables - net Accounts payable Buildings Cash and cash equivalents Equipment Purchases discounts Marketing and promotions expenses Goodwill Short-term investments Prepaid expenses Common stock Land Income taxes payable Interest expense Beginning Retained Earnings Gain on sale of investments Sales Insurance Other long-term liabilities Administrative expenses Current period's retained earnings Closing inventory 25.000 45.000 35.000 80,000 177,000 12.000 10,000 9.000 36,000 52.000 23,000 ? 78,000 10,000 5.000 15.000 5,000 310,000 3,000 23.000 15.000 ? 35,000 Purchases Long-term debt Interest and dividend revenue Sales returns Opening inventory Other general expenses 145.000 86,000 10,000 5.000 20,000 8,000 Also, consider that there is no taxation and there is a decision for zero dividendStep by Step Solution
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