Question: I was given this trial balance and nothing else. I was asked to create a balance sheet and income statement from it. Cash and equivalents
I was given this trial balance and nothing else. I was asked to create a balance sheet and income statement from it.
| Cash and equivalents | 19361325 |
| Notes receivable | 9680495 |
| Accounts receivable | 193612578 |
| Allowance for bad debts | -7744530 |
| Raw materials | 67764468 |
| Work-in-process | 145209433 |
| Finished goods | 87125794 |
| Prepaid expenses | 32914219 |
| Deferred income taxes | 17425294 |
| Other current assets | 63892070 |
| Land | 136292310 |
| Buildings and improvements | 1064869173 |
| Machinery and equipment | 2321800403 |
| Accumulated depreciation | -386037470 |
| Patents and trademarks | 474350612 |
| Goodwill | 968062885 |
| Other noncurrent assets | 135528939 |
| Notes payable to banks | -154889927 |
| Accounts payable | -106486782 |
| Accrued advertising | -38722650 |
| Accrued operating expenses | -42594713 |
| Accrued compensation | -13552893 |
| Other accrued expenses | -39495168 |
| Income taxes payable | -17425294 |
| Other current liabilities | -5808431 |
| Long-term notes payable | -866338592 |
| Bonds payable | -193612578 |
| Capitalized lease obligations | -60701446 |
| Deferred income taxes | -76606783 |
| Other noncurrent liabilities | -29042492 |
| Preferred stock, $10 par value | -3358833 |
| Common stock, $0.01 par value | -3872400 |
| Additional paid-in capital | -1760751255 |
| Retained earnings | -1740592230 |
| Treasury stock, at cost | 15114751 |
| Sales | -5628838412 |
| Cost of goods sold | 3521004581 |
| Advertising expense | 422825767 |
| Marketing expense | 286580560 |
| Administrative expense | 326984955 |
| General expense | 52918383 |
| Research and development expense | 405915049 |
| Other technical expense | 52904586 |
| Other expense (income) | 19316584 |
| Interest expense | 94798322 |
| Interest income | -3798129 |
| Amortization of intangibles | 68686353 |
| Provision for income taxes | 175331119 |
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