Financial statement data for Tina’s Steak House are given below. All figures are in thousands of dollars. Use this data to construct an Income Statement for the year ending December 31, 2010....

Extracted text: Financial statement data for Tina’s Steak House are given below. All figures are in thousands of dollars. Use this data to construct an Income Statement for the year ending December 31, 2010. Advertising Beginning of year inventory Depreciation End of year inventory General and administrative expenses 440 4,820 560 5,240 180 Gross sales Interest expense Lease payments Management salaries Purchases 25,160 210 140 1,560 19,460 Research and development 220 Returns and allowances 180 Taxes 1,340


Extracted text: Financial statement data for Fred's Fish House are given below. All figures are in thousands of dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2010. Gross fixed assets 2,940 340 Accounts payable Accruals 90 Accumulated depreciation Additional paid in capital Beginning of year inventory Cash 810 840 780 310 COGS Common stock ($1 par value) Current portion of LT Debt Gross Accounts receivable 6,420 220 110 432 Inventory LT Debt (excluding current portion) Notes payable 940 1,280 120 Purchases Retained earnings Allowances for doubtful accounts 6,580 790 22