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?
Solution to your problem is provided in a separate excel file attached ...
Income statement and balance sheet attached in Excel.