Question: Suppose Uptown Sporting Goods Company reported the following data at

Suppose Uptown Sporting Goods Company reported the following data at July 31, 2014, with amounts in thousands:


Use these data to prepare Uptown Sporting Goods Company’s single step income statement for the year ended July 31, 2014; statement of retained earnings for the year ended July 31, 2014; and classified balance sheet at July 31, 2014. Use the report format for the balance sheet. Draw arrows linking the threestatements.


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  • CreatedJuly 25, 2014
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