Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015.
Other cash flow information:
Additional investments by stockholders... $ 34,000
Cash paid to purchase equipment... 40,000
Cash paid to suppliers and employees... 1,490,000
Repayments of borrowings... 155,000
Cash received from customers... 1,661,000
Cash received from borrowings... 5,000
Dividends paid in cash... 10,000
Required:
Prepare the four basic financial statements for the fiscal year ended August 31, 2015.