Question

The following list, in alphabetical order, shows the various items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30, 2017 (with the exception of retained earnings, which is the balance on September 1, 2017), and the amounts shown for income statement items are balances for the month ended September 30, 2017.

Accounts payable	$17,600		Furniture and fixtures	$34,000
Accounts receivable	6,410		Land	26,000
Advertising expense	14,500		Notes payable	20,000
Buildings	60,000		Projection equipment	25,000
Capital stock	50,000		Rent expense—movies	50,600
Cash	15,230		Retained earnings	73,780
Concessions revenue	60,300		Salaries and wages expense	46,490
Cost of concessions sold	23,450		Ticket sales	95,100
Dividends paid during the month	8,400		Water, gas, and electricity	6,700

1. Using the data given, prepare an income statement for the month ended September 30, 2017.

Maple Park Theatres Corp.
Income Statement
For The Month Ended September 30, 2017
Revenues:
Ticket sales	$
Total revenues		$
Expenses:
	$
Total expenses
		$

2. Using the data given, prepare a statement of retained earnings for the month ended September 30, 2017.

Maple Park Theatres Corp.
Statement Of Retained Earnings
For The Month Ended September 30, 2017
	$
	$

3. Using the data given, prepare a balance sheet at September 30, 2017.

Maple Park Theatres Corp.
Balance Sheet
September 30, 2017
Assets
	$
Total assets	$
Liabilities and stockholders' equity
	$
Total liabilities and stockholders' equity	$

4. You have $1,000 to invest. You want to use it to buy stock in Maple Park? Which of the following information would you least consider before making a final decision?

1.	Whether the company is operating at a profit?
2.	The amount of dividends paid by the company.
3.	The amount of salaries the company pays.
4.	Current market price of the stock.