Falcon Sporting Goods Company reported the following data at March 31, 20X4, with amounts in…

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Falcon Sporting Goods Company reported the following data at March 31, 20X4, with amounts in thousands: Use these data to prepare Falcon Sporting Goods Company’s income statement for the year ended March 31, 20X4; statement of retained earnings for the year ended March 31, 20X4; and classified balance sheet at March 31, 20X4. Use the report format for the balance sheet. Draw arrows linking the three statements. View Solution:
Falcon Sporting Goods Company reported the following data at March

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