Reference no: EM131774757

Problem - The following list, in alphabetical order, shows the various items that regularly appear on the financial statements of Maple Park Theaters Corp. The amounts shown for the balance sheet items are as of September 30, 2010 (with the exception of retained earnings, which is the balance on September 1, 2010).

Prepare a balance sheet at September 30, 2010.

Accounts payable $17,600

Accounts Receivable $6,410

Advertising Expense $14,500

Buildings $60,000

Capital Stock $50,000

Cash $15,230

Concessions Revenue $60,300

Cost of concessions sold $23,450

Dividends paid during the month $8,400

Furniture and fixtures $34,000

Land $26,000

Notes payable $20,000

Projection Equipment $25,000

Rent expense - movies $50,600

Retained Earnings $73,780

Salaries and wages expense $46,490

Ticket Sales $95,100

Water, gas and electricity $6,700

Prepare income statement for month ended Sept 30, 2010.

Prepare statement of retained earnings for month ended Sept 30, 2010.

Prepare Balance sheet at Sept 30, 2010.

You have $1000 to invest. On the basis of the statements you prepared, would you use it to buy stock in Maple Park? Explain. What other information would you want before making a final decision?