(Related to Checkpoint 3.2) (Reviow of financial statements) A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is found here: a. How much is the firm's net working capital? b. Complete an income statement and a balance sheet for Belmond. c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your boss a the company's financial condition based on your answers? a. How much is the firm's net working capital? The firm's net working capital is (Round to the nearest dollar.) b. Complete an income statement and a balance sheet for Belmond. Complete the income statement below: (Select from the drop-down menus and round to the nearest dollar.) Belmond, Inc. Income Statement Revenues Cost of Goods Sold Gross Profit Operating Expenses Net Operating Income Earnings before Taxes Net Income \begin{tabular}{lr} Inventory & 6,460 \\ Common stock & 44,980 \\ Cash & 16,500 \\ Operating expenses & 1,350 \\ Short-term notes payable & 600 \\ Interest expense & 930 \\ Depreciation expense & 520 \\ Sales & 12,730 \\ Accounts receivable & 9,560 \\ Accounts payable & 4,800 \\ Long-term debt & 55,330 \\ Cost of goods sold & 5,700 \\ Buildings and equipment & 121,840 \\ Accumulated depreciation & 34,260 \\ Taxes & 1,480 \\ General and administrative expense & 810 \\ Retained earnings & ? \\ \hline \end{tabular} .

1. (Related to Checkpoint 3.2) (Reviow of financial statements) A scrambled list of accounts from
the income statement and balance sheet of Belmond, Inc. is found here: a. How much is the
firm's net working capital? b. Complete an income statement and a balance sheet for Belmond. c.
If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you
tell your boss a the company's financial condition based on your answers? a. How much is the
firm's net working capital? The firm's net working capital is (Round to the nearest dollar.) b.
Complete an income statement and a balance sheet for Belmond. Complete the income statement
below: (Select from the drop-down menus and round to the nearest dollar.) Belmond, Inc.
Income Statement Revenues Cost of Goods Sold Gross Profit Operating Expenses Net Operating
Income Earnings before Taxes Net Income begin{tabular}{lr} Inventory & 6,460 Common
stock & 44,980 Cash & 16,500 Operating expenses & 1,350 Short-term notes payable &
600 Interest expense & 930 Depreciation expense & 520 Sales & 12,730 Accounts
receivable & 9,560 Accounts payable & 4,800 Long-term debt & 55,330 Cost of goods
sold & 5,700 Buildings and equipment & 121,840 Accumulated depreciation & 34,260
Taxes & 1,480 General and administrative expense & 810 Retained earnings & ? hline
end{tabular}