make income statement

from the data given below and we'll work on our analysis in the class next week. But everyone should have uploaded this financial statement in this file upload section. You can work together but submission will be individually. I will ask questions in the class. Please check the financial templates in Week 10 under the head - "Required Readings" CRITICAL THINKING MINI CASE The owner of Delton Property Rentals, Teal Delton, has requested an emergency meeting with you, a representative from the bank. "Our accountant has been on leave for the past several months and her replacement has resigned suddenly. I'm told we can't pay our employees this month and your bank won't lend us any money. I don't understand. We have lots of assets that can be used to pay expenses, as you can see from our balance sheet." CHAPTER 4 Completing the Accounting Cycle and Classifying Accounts You explain to Mr. Delton that you will need to obtain some additional information. He faxes you the following: Required Using the elements of critical thinking described on the inside front cover, outline how you will respond to Teal Delton