E1-7 Reporting Amounts on the Four Basic Financial Statements The following summary information was reported by Lucus Rock, the sole proprietor of Lucus Rock Company, for the year ending December 31, 2011. Amounts are in thousands (i.e., assets = $18,200,000). Assets $18,200 L. Rock, capital, December 31, 2010 $3,500 Liabilities 13,750 Cash flows from operating activities 1,600 Revenue 10,500 Cash flows from investing activities (1,000) Expenses 9,200 Cash flows from financing activities (900) L. Rock, drawings in 2011 500 Additional investment by owner during 2011 Cash, December 31, 2010 1,000 150 Cash, December 31, 2011 700 Required: Prepare the four basic financial statements for 2011:

a. Income statement.

b. Statement of owner’s equity.

c. Balance sheet.

d. Statement of cash flows.