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  3. the table below contains data on fincorp inc. the

The table below contains data on Fincorp Inc. The balance sheet items correspond to values...

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Accounting

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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars 2016 $4,000 $4,100 1,500 530 290 500 150 490 360 470 5,470 2,310 470 470 350 2015 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 1,400 510 260 450 150 470 300 410 4,800 1,900 810 470 770 " Taxes are paid in their entirety in the year that the tax obligation is incurred f Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed Construct an income statement for Fincorp for 2015 and 2016.(Input all amounts as positive values. Enter your answers in thousands of dollars.) Fincorp Inc. Income Statement 2015 2016 What were reinvested earnings for 2016? (Enter your answer in thousands of dollars.) Reinvested earnings

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