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Given the following information please construct a balance sheet and an income statement for the company....

Given the following information please construct a balance sheet and an income statement for the company. It provides software via a cloud subscription. There is no inventory.

All information in $000

Total Revenues                                            5,374

Cash                                                                  908

Common Stock                                                651

Cost of Revenues Subscription                     925

Interest Expense                                               16

Additional Paid in Capital                           3,954

Retained Earnings                                       (630)

Cost of Revenues Professional Services     365

Gross Margin                                                4,084

Short term securities                                       87

Long term debt                                            2,328

Accounts Receivable                                   1,906

Accounts Payable                                        1,103

Research & Development                             793

Marketing & Sales                                       2,757

Other current liabilities                              3,287

Other current assets                                       649

Investment income                                        10

General & Administrative Expense              680

Depreciation                                                     448

Property & Equipment                               1,126

Goodwill                                                        3,783

Other long term assets                               2,234

Total Current Assets                                    3,550

Total Operating Income                             (146)

Net Loss                                                         (600)

Total assets                                                   10,693

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ekkarill92 answered 1 year ago
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