Reference no: EM132791492

Question - Prepare a balance sheet and income statement for Belmond, Inc, from the following:

Inventory $5,500

Common Stock $58,000

Cash $19,700

Operating Expenses $1,350

Short-Term Notes Payable $600

Interest Expense $750

Depreciation Expense $500

Net Sales $15,500

Accounts Receivable $9,600

Accounts Payable $5,200

Long-Term Debt $49,300

Cost of Goods Sold $6,100

Buildings and Equipment $123,500

Accumulated Depreciation $34,000

Taxes $2,440

General and Administrative Expense $850

Retained Earnings ?