The Smetana Company has a commercial activity in the beauty products and cosmetics sector.
Required
1. With the help of the balance sheet, income statement, and additional information (see Assignment 14.2 Smetana Company (1), in Chapter 14), prepare a statement of intermediate balances for the years X1, X2, and X3.
2. Comment on these different statements from the point of view of a decision maker looking at the future.