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


Notes payable



$ 983,000

Supply expenses

$ 255,000

Depreciation expenses

$ 35,000

Labor expense


Interest Expenses


Stockholders’ Equity


Cash & cash equivalents


Long-term debt


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