Suppose Tree City Sporting Goods Company reported the following data at July 31, 2021, with amounts...

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Suppose Tree City Sporting Goods Company reported the following data at July 31, 2021, with amounts in thousands: (Click the icon to view the data.) Use these data to prepare Tree City Sporting Goods Company's single-step income statement for the year ended July 31, 2021; statement of retained earnings for the year ended July 31, 2021; and classified balance sheet at July 31, 2021. Use the report format for the balance sheet. ... Use the given data to prepare Tree City Sporting Goods Company's income statement for the year ended July 31, 2021. (If an input field is not used in the income statement leave the field empty; do not select a label or enter a zero. Enter amounts in thousands as provided in the problem statement.) Tree City Sporting Goods Company Income Statement Year Ended July 31, 2021 Data table - Thousands Retained earnings, July 31, 2020 $ 36,300 Cost of goods sold $ 137,400 Accounts receivable 28,300 Cash 26,000 Net revenues Total current liabilities All other expenses Other current assets Other assets 26,000 Inventories 24,200 Dividends 186,500 Property and equipment, net 19,700 51,400 Common stock 30,800 39,000 5,200 Long-term liabilities 800 0 Suppose Tree City Sporting Goods Company reported the following data at July 31, 2021, with amounts in thousands: (Click the icon to view the data.) Use these data to prepare Tree City Sporting Goods Company's single-step income statement for the year ended July 31, 2021; statement of retained earnings for the year ended July 31, 2021; and classified balance sheet at July 31, 2021. Use the report format for the balance sheet. ... Use the given data to prepare Tree City Sporting Goods Company's income statement for the year ended July 31, 2021. (If an input field is not used in the income statement leave the field empty; do not select a label or enter a zero. Enter amounts in thousands as provided in the problem statement.) Tree City Sporting Goods Company Income Statement Year Ended July 31, 2021 Data table - Thousands Retained earnings, July 31, 2020 $ 36,300 Cost of goods sold $ 137,400 Accounts receivable 28,300 Cash 26,000 Net revenues Total current liabilities All other expenses Other current assets Other assets 26,000 Inventories 24,200 Dividends 186,500 Property and equipment, net 19,700 51,400 Common stock 30,800 39,000 5,200 Long-term liabilities 800 0

Answer rating: 100% (QA)

Income Statement for Tree City Sporting Goods Company Year Ended July 31 2021 in thousands Net reven... View the full answer