What is the total amount of current liabilities to be

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3. What is the total amount of current liabilitiesto be reported on XYZ Company’s 12/31/X1 classified balance sheet?
4. What is the ending balance in retained earningsto be reported on XYZ Company’s 12/31/X1 classified balance sheet?
5. What is the total amount of stockholders’ equityto be reported on XYZ Company’s 12/31/X1 classified balance sheet?
Part 3: Income StatementThis lesson will help you refresh your knowledge on the basics of the income statement. Brushing up on these concepts nosure to complete the Concept Check at the end of the lesson to cement your skills and receive credit.Concept Check
General Ledger for ABC CompanyThe following is the general ledger for ABC Company as of December 31, 20X1. Use this information to answer questions (1. What is the amount of gross profitto be reported on ABC Company’s 12/31/X1 income statement?
2. What is the amount of operating income (EBIT)to be reported on ABC Company’s 12/31/X1 income statement?

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