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Income Statement, Statement of Retained Earnings, and Balance Sheet

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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?


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

Solution Summary

Income statement and balance sheet attached in Excel.