The following information is provided for the company 'Greek Star Logistics (figures are in euro): Acquired intangible a

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The Following Information Is Provided For The Company Greek Star Logistics Figures Are In Euro Acquired Intangible A 1 (135.65 KiB) Viewed 36 times

The Following Information Is Provided For The Company Greek Star Logistics Figures Are In Euro Acquired Intangible A 2 (146.3 KiB) Viewed 36 times

The following information is provided for the company 'Greek Star Logistics (figures are in euro): Acquired intangible assets Advanced billings and customer deposits Opening inventory Cash and cash equivalents Creditors Advertising expenses Buildings and improvements Other long-term liabilities Purchases Trade and other accounts receivable Beginning retained earnings Other current assets Long-term marketable securities Utilities expense Common stock Land Other noncurrent assets Long-term bank loans Loss from sale of assets Cost of sales Prepaid insurance Sales Interest expense Bank overdraft (short-term borrowing) Insurance Current period's retained earnings Equipment Accrued expenses and other current liabilities Purchases returns Temporary investments Bonds payable 35,000 10,000 90,000 285,000 75,000 35,000 220,000 40,000 370,000 80,000 20,000 10,000 40,000 15,000 ? 170,000 25,000 250,000 20,000 390,000 15,000 785,000 20,000 30,000 55,000 ? 135,000 15,000 20,000 30,000 80,000
Salaries Sales discounts Closing inventory Interest income 120,000 15,000 ? 5,000 There is a declared decision by the company to pay cash dividend of 25,000 in total, but the payment date will be after three months from the publication date of the balance sheet. Also, consider that there is no taxation. Using this information, you are required to: a. Prepare the income statement for the company 'Greek Star Logistics', using a multi-step format with five measures of profitability: gross profit, operating income, earnings before interest and taxes, pretax income, net income. (30%) b. Prepare the balance sheet, considering the groups: current assets, noncurrent assets, current liabilities, long-term liabilities, stockholders' equity. (35%) c. Also find the missing values (in question marks) by providing analytical calculations (5%).