Balance sheet and Income statement

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The following are accounts balance (in thousands) for Malak Company. Prepare a balance sheet, and Income statement using intermediate steps t=35% for the year ended December 31, 2018.

Net property and equipment

$ 2,000

Accounts receivable

$3,000

Notes payable

$37,000

Revenues

$ 983,000

Supply expenses

$ 255,000

Depreciation expenses

$ 35,000

Labor expense

$300,000

Interest Expenses

$11,000

Stockholders’ Equity

$61,500

Cash & cash equivalents

$97,000

Long-term debt

$3,500

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