Question

Required information [The following information applies to the questions displayed below.j Fitbit, Inc., reported the following information for the nine-month period ended October 1, 2016. Items are in thousands of dollars Accounts Payable Accounts Receivable Advertising Expense Cash (January 1, 2016) Cash (October 1, 2016) Common Stock Equipment Office Expenses Income Tax Expense Interest Expense Inventories Notes Payable Operating Expenses Retained Earnings (January 1, 2016) Sales Revenue Supplies $521,200 463,100 81,600 666, 200 690, 28e 839,700 257,200 115,700 20,100 4,400 216,800 55,500 264,900 262,100 523,780 88, 200 Other cash flow information: Cash received from issuing common stock Cash paid to purchase equipment Cash paid to suppliers and employees Cash received from customers Cash received from sale of long-term assets Dividends paid to stockholders $39,580 68,600 490,500 541,700 1,900

a. Prepare an income statement for the nine months ended October 1, 2016. (Enter your answers in thousands.)

b. Prepare a statement of retained earnings for the nine months ended October 1, 2016. (Enter your answers in thousands.)

c. Prepare a balance sheet for the nine months ended October 1, 2016. (Enter your answers in thousands.)

d. Prepare a statement of cash flows for the nine months ended October 1, 2016. (Cash outflows should be entered as negative amounts. Enter your answers in thousands.)

Answer 1

Fitbit, Inc. Statement of Cash Flows Cash flow from Operating Activites Cash received from customers Cash paid to supplier and employees Cash flow from 541,700 $ (490,500) Operating Activities $ 51,200 Cash flow from Investing Activites Sale of long term assets Purchase of Equipment Cash flow from Investing Activities $ 1,900 $ (68,600 $ (66,700 Cash flow from Financing Activites Issuance of common stock Dividend paid Cash flow from Financing Activites $ 39,580 39,580 Net Increase (Decrease) in Cash ash balance on January 1, 2016 Cash balance on October 1, 2016 $ 24,080 $666,200 $690,280