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  3. fitbit, inc., reported the following information f

Fitbit, Inc., reported the following information for the nine-month period ended October 1, 2016. Items...

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Accounting

Fitbit, Inc., reported the following information for the nine-month period ended October 1, 2016. Items are in thousands of dollars. Accounts Payable $ 521,100 Accounts Receivable 463,000 Advertising Expense 81,500 Cash (January 1, 2016) 666,100 Cash (October 1, 2016) 689,270 Common Stock 839,200 Equipment 257,100 Office Expenses 115,600 Income Tax Expense 20,000 Interest Expense 4,300 Inventories 216,700 Notes Payable 55,400 Operating Expenses 264,800 Retained Earnings (January 1, 2016) 262,000 Sales Revenue 522,670 Supplies 88,100 Other cash flow information: Cash received from issuing common stock $ 39,570 Cash paid to purchase equipment 68,500 Cash paid to suppliers and employees 490,400 Cash received from customers 540,700 Cash received from sale of long-term assets 1,800 Dividends paid to stockholders 0 Required: 1-a. What amount of total assets have been financed by the creditors and the stockholders? (Enter your answers in thousands.) 1-b. Was the company financed mainly by creditors or stockholders? Creditors Stockholders 1-c. What is your information source? Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows

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