You are required to construct a Statment

You are required to construct a Statement of Earnings, a Statement of Retained Earnings, and a Balance Sheet for the year ended, or as at, April 30, 2018, whichever is appropriate. Not all the account titles needed are given (i.e., Total Current Assets). You must provide the missing titles as well as use those listed below and, in certain cases, determine the missing amounts. BEAVER SAM INCORPORATED ($000's) Salaries & Wages .................................................................................................................. 482.6 Dividends ................................................................................................................................ 34.0 Allowance for Doubtful Accounts ............................................................................................ 7.6 Building, cost ........................................................................................................................ 519.3 Preferred Stock ........................................................................................................................ 60.0 Gross Sales ......................................................................................................................... 3,469.8 Prepaid Expenses ...................................................................................................................... 9.2 Long-term Debt ..................................................................................................................... 107.6 Retained Earnings, April 30, 2018 ........................................................................................ 647.6 Accounts Payable .................................................................................................................... 94.2 Accumulated Amortization: Equipment, April 30, 2018 ........................................................ 72.8 Inventory, April 30, 2017 ...................................................................................................... 284.3 Income Taxes Payable ............................................................................................................ 26.7 Amortization: Equipment ........................................................................................................ 24.2 Goodwill ................................................................................................................................. 62.9 Mortgage, due 2024 .............................................................................................................. 497.0 Notes Payable .......................................................................................................................... 23.4 Other Investments ................................................................................................................... 62.4 Sales Discounts ..................................................................................................................... 208.4 Marketable Securities ............................................................................................................ 106.0 Accrued Expenses Payable ....................................................................................................... 9.8 Equipment, cost ..................................................................................................................... 246.1 Common Stock ........................................................................................................................ 72.5 Purchases ............................................................................................................................ 2,043.8 Administrative Expenses ...................................................................................................... 126.9 Accounts Receivable ............................................................................................................... 38.3 Current Portion Long-term Debt ............................................................................................. 18.9 Land ...................................................................................................................................... 520.4 Amortization: Building ........................................................................................................... 25.9 Cash ........................................................................................................................................... 8.3 Inventory, April 30, 2018 ...................................................................................................... 143.0 Accumulated Amortization: Building, April 30, 2018 ........................................................... 77.8 Interest Expense ...................................................................................................................... 32.5 Income Tax Expense ............................................................................................................. 153.6 Net Income After Tax ........................................................................................................... 230.6