Scroll to the bottom of the page to download the Option 1 workbook file containing data and

Question:

Scroll to the bottom of the page to download the Option 1 workbook file containing data and a workspace to enter your responses. This file will be your only delivery for this assignment.
Based on the accounts of the ledger of Buffalo Delivery Service (the first tab of the workbook), prepare an income statement and a retained earnings statement for the month of August 2014 and prepare a classified for August on the second and third tabs respectively.
Then in the space provided on the fourth tab, write a short analysis and proposal regarding what Buffalo Delivery Service should do to control costs and attract more investors, identifying areas of concern from the investor's perspective. Support your answer with specific reference to financial data. The written segment of your assignment should be 300-500 words in length and reference at least two credible sources (which may include the textbook) to support your analysis.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...