Using the following partial Excel work sheet for Breakout Maze Co., prepare the Income Statement, the Statement of Changes in Equity, and an unclassified Balance Sheet for the company. Assume the owner did not make any investments in the business during the year.
Definitions:
Millions
A numerical unit representing one thousand thousand, or 1,000,000, often used to quantify currency, population, or other large-scale counts.
Net Working Capital
The difference between a company's current assets and its current liabilities, indicating short-term financial health and liquidity.
Operating Cash Flow
Cash generated from the normal business operations of a company, excluding capital expenditures and investment income or expenses.
Comprehensive Income
A measure of all changes in equity of a company that result from recognized transactions and other economic events of the period, excluding transactions with owners in their capacity as owners.
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