Question: Please help me create a balance sheet for the first three years witht the information attached in the image begin { tabular } {

Please help me create a balance sheet for the first three years witht the information attached in the image \begin{tabular}{|c|c|c|}
\hline \multicolumn{3}{|c|}{ANNUAL INCOME STATEMENT}\\
\hline & & (USD, K)\\
\hline & Revenue & 2496\\
\hline & Cost of Goods & \\
\hline & Imaging equipent & -500\\
\hline & Medical Equipment & -10\\
\hline & Medical Inventory & -15\\
\hline & Maintencance & -60\\
\hline & Gross Profit & 1911\\
\hline & & \\
\hline \multicolumn{3}{|l|}{Operating Expenses}\\
\hline & Salaries (Tech, driver, scheduler) & 200\\
\hline & Marketing & 10\\
\hline & Insurance & 180\\
\hline & Training & 30\\
\hline & Licensing & 20\\
\hline & Utilities & 15.6\\
\hline & Fuel \& Transport & 41.6\\
\hline & Total Operating Expenses & 497.2\\
\hline & & \\
\hline \multicolumn{3}{|l|}{Operating Income}\\
\hline & Revenue & 2496\\
\hline & COGS & -585\\
\hline & Operating expenses & -497.2\\
\hline & Total Operating Income & 1413.8\\
\hline
\end{tabular}
Please help me create a balance sheet for the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!