Explore BrainMass

Income Statement, Statement of Retained Earnings, and Balance Sheet

Please see attachment for full problem description.

1. Prepare an income statement for the month ended September 30, 2004.

2. Prepare a statement of retained earnings for the month ended September 30, 2004.

3. Prepare a balance sheet at September 30, 2004.

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

© BrainMass Inc. brainmass.com June 20, 2018, 5:35 am ad1c9bdddf


Solution Preview

Dear student,
Solution to your problem is provided in a separate excel file attached ...

Solution Summary

Income statement and balance sheet attached in Excel.