Starbucks Corporation purchases and roasts high-quality whole bean coffees and sells them, along with fresh, rich-brewed coffees and a variety of other complementary items, primarily through company-operated retail stores. The following items were adapted from the annual report of Starbucks Corporation for the period ending October 3, 2004:
In thousands
1. Accounts payable ................ $ 199,346
2. Accounts receivable ............... 140,226
3. Accrued expenses payable .............. 356,317
4. Additions to property, plant, and equipment ....... 412,537
5. Inventories .................... 422,663
6. Cost of sales .................. 2,191,440
7. General and administrative expenses .......... 304,293
8. Income tax expense ............... 231,754
9. Net cash provided by operating activities ........ 826,209
10. Net sales ................... 5,294,247
11. Other income (loss) ................ 74,797
12. Other operating expenses ............. 460,830
13. Property, plant, and equipment ........... 1,551,416
14. Retained earnings (October 3, 2004) ......... 1,448,899
15. Store operating expenses ............. 1,790,168
Using the following notations, indicate on which financial statement you would find each of the above items. (Note: An item may appear on more than one statement.)
IS ........ Income statement
RE ......... Retained earnings statement
BS ......... Balance sheet
SCF ....... Statement of cash flows