Question: Prepare the balance sheet (with the categories: Current Assets, Noncurrent Assets, Total Current Liabilities, Total Noncurrent Liabilities and Stockholders Equity) and the income statement for

35,000 50.000 23.000 97.000 15.000 15.000 25,000 15.000 35.000 80.000 17 12.00 10,000 Other receivables Current portion of long-term debt Land improvements Vehicles Accrued compensation and benefits Other acquired intangible assets (patents and copyrights) Short-term loans payable Accounts receivables.net Accounts payable Buildings Cash and cash equivalents Equipment Purchases discounts Marketing and promotions expenses Goodwill Short-term investments Prepaid expenses Common stock Land Income taxes payable Interest expense Beginning Retained Earings Gain on sale of investments Sales Insurance Other long-term liabilities Administrative expenses Current period's retained camnings Closing inventory 36.000 52.000 23.000 2 78.000 10.000 5.000 15.000 5.000 310.000 3.000 23.000 15.000 ? 35.000 Purchases 145.000 Long-term debt 86,000 Interest and dividend revenge 10.000 Sales returns 5.000 Opening inventory 20.000 Other general expenses 8,000 Also, consider that there is no taxation and there is a decision for zero dividend. Using this information, you are required to a. Prepare the balance sheet (with the categories: Current Assets. Noncurrent Assels, Total Current Liabilities. Total Noncurrent Liabilities and Stockholders' Equity) and the income statement for the company Transport One-4-All
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