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RIVERBED INC BALANCE SHEET DECEMBER 31, 2017 $44,700 Notes payable (short-term) Accounts payable Accrued liabilities...

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Accounting

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RIVERBED INC BALANCE SHEET DECEMBER 31, 2017 $44,700 Notes payable (short-term) Accounts payable Accrued liabilities Common stock (par $5) $50,300 32,100 5,100 259,200 141,700 Cash Receivables $110,800 15,200 Less: Allowance Inventory Prepaid insurance Land Equipment (net) 95,600 170,200 7,900 Retained earnings 19,900 150,100 $488,400 $488,400 RIVERBED INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue $1,397,500 Cost of goods sold Inventory, Jan. 1, 2017 Purchases Cost of goods available for sale Inventory, Dec. 31, 2017 Cost of goods sold $201,800 783,600 985,400 (170,200) Gross profit on sales Operating expenses Net income 815,200 582,300 170,700 $411,600

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