Playoffs Inc. sells inventory and provides services (basketball lessons). All numbers are in thousands. The following...

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Playoffs Inc. sells inventory and provides services (basketball lessons). All numbers are in thousands. The following balance sheet is for Playoffs Inc. for the fiscal year 2022 ending on 12/31/22: ASSETS PLAYOFFS INC. BALANCE SHEET as of December 31, 2022 Cash Accounts Receivable Inventory 300 Total current assets 1,600 PP&E, gross Less Accumulated 1,200 100 600 LIABILITIES & STOCKHOLDERS' EQUITY Accounts Payable Interest Payable Bonds Payable Total Liabilities Common Stock Retained Earnings 85 15 300 400 1,400 200 Preapare an Income Statement Playoffs Inc. sells inventory and provides services (basketball lessons). All numbers are in thousands. The following balance sheet is for Playoffs Inc. for the fiscal year 2022 ending on 12/31/22: ASSETS PLAYOFFS INC. BALANCE SHEET as of December 31, 2022 Cash Accounts Receivable Inventory 300 Total current assets 1,600 PP&E, gross Less Accumulated 1,200 100 600 LIABILITIES & STOCKHOLDERS' EQUITY Accounts Payable Interest Payable Bonds Payable Total Liabilities Common Stock Retained Earnings 85 15 300 400 1,400 200 Preapare an Income Statement

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