Question: Entertainment Centre Ltd. reported the following data at March 31, 2014, with amounts adapted and in thousands: You are the CFO responsible for reporting Entertainment

Entertainment Centre Ltd. reported the following data at March 31, 2014, with amounts adapted and in thousands:

You are the CFO responsible for reporting Entertainment Centre Ltd. (ECL) results. Use these data to prepare ECL's income statement for the year ended March 31, 2014, the statement of retained earnings for the year ended March 31, 2014, and the classified balance sheet at March 31, 2014. Use the report format for the balance sheet. Draw arrows linking the three statements to explain the information flows between the statements.

Retained earnings, March 31, 2014.. 1,300 C Net revenues... All other expenses Cost of goods sold. Cash $126,000 900 7,200 26,000 33,000 13,500 0 74,500 Property and equipment, net.. Share capital Invcnen 53,600 Other current assets 4,800 Long-term liabilities 24,300 Dividends

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