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, 2010 (with the exception of retained earnings, which is the balance on September 1, 2010), and the amounts shown for income statement items are balances for the month ended September 30, 2010.
1. Prepare an income statement for the month ended September 30, 2010.
2. Prepare a statement of retained earnings for the month ended September 30, 2010.
3. Prepare a balance sheet at September 30, 2010.
4. You have $1,000 to invest. On the basis of the statements you prepared, would you use it to buy stock in Maple Park? Explain. What other information would you want before making a ﬁnal decision?
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