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Data Table Total revenue. . .. Receivables. 19.8 Investment assets (long-term). S 135.9 1.3 0.4 Property and equipment, net.. 1.6 Other expenses 27.8 Retained earnings, beginning 16.2 0.3 Retained earnings, ending. 13.4 Cash 5.9 1.3 Salary and other employee expenses. 102.6 Other assets (long-term) 9.5 Print Done

balance sheet, eave the box empty, do not select a label or enter a zero.) Drew Peters Realty Company Balance Sheet July 31, 2016 Amounts in millions) Assets Liabilities Current assets Cash 1.6 1.3 Current liabilities 0.4 Long-term liabilities 102.6 Total current assets Property and equipment, net Other assets (long-term) Investment assets (long-term) Total liabilities 1.3 Stockholders Equity 9.5 Common stock 135.9 Retained 27.8 Total stockholders equity Total liabilities and stockholders equity 149.3 Total assets
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Drew Peters Realty Company Income statement For the year ended July 31,2016 Total Revenue Less: Expenses Salary and other emplovee expenses Interest exxpense Other expenses Net Income 19.8 13.4 0.3 5.9 19.6 0.2 Drew Peters Realty Company statement of Retained earnings For the year ended July 31,2016 Beginning Retained Earnin Add: Net Income Ending Retained Earning 16.2 0.2 16.4

Drew Peters Realty Company Balance sheet July 31,2016 Assets Liabilities Current assets Cash Receivables 1.3 Current Liabilities 0.4 Long term liabilities 1.6 102.6 Total Current assets Property and eguipment net Other assets (long term Investment assets (long term 1.7 Total liabilities 1.3 9.5 Common stock 104.2 Shareholders Equity 27.8 16.4 44.2 148.4 Total liabilities and stockholders equity 148.4 135.9 Retained earnings Total stockholdersequit Total assets

In order to prepare a proper form of balance sheet there is need of income statement and statement of retained earnings. so I had solved the problem in three steps.

Step 1 : Preparation of income statement: With the help of this statement Net income is derived i.e 0.2.

Step 2: preparation of statement of retained earnings: In this statement for beginning retained earnings the net income is added so ending retained earnings can be derived i.e 16.4

Step 3 : preparation of balance sheet: In this statement Assets and liabilities values are posted. At the end both liabilities and assets should be balanced. It was done in the above problem.

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