Balance sheet and Income statement
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Free InquiryThe 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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