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(Review of financial​ statements) A scrambled list of accounts from the income statement and balance sheet...

(Review of financial​ statements) A scrambled list of accounts from the income statement and balance sheet of​ Belmond, Inc. is found​ here:

a. How much is the​ firm's net working​ capital?

b. Complete an income statement and a balance sheet for Belmond.

Inventory   6,480
Common stock   45,090
Cash   16,510
Operating expenses   1,330
Short-term notes payable   560
Interest expense   900
Depreciation expense    500
Sales   12,850
Accounts receivable   9,640
Accounts payable   4,780
Long-term debt   54,750
Cost of goods sold   5,770
Buildings and equipment   122,500
Accumulated depreciation   34,480
Taxes   1,490
General and administrative expense   900
Retained earnings   ?

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Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

IMAGE 1 : NET WORKING CAPITAL : SEE SECOND IMAGE FOR CURRENT ASSETS AND CURRENT LIABILITIES

jeff jeffy answered 1 year ago
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