Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2013, financial statements:
| For the Year Ended December 31, 2013: |
| Net revenues |
$ |
33,400 |
|
| Cost of services provided |
|
11,400 |
|
| Depreciation expense |
|
6,500 |
|
| |
| Operating income |
$ |
15,500 |
|
| Interest expense |
|
3,900 |
|
| Income tax expense |
|
3,600 |
|
| |
| Net income |
$ |
8,000 |
|
| |
| At December 31, 2013: |
|
|
|
| Assets |
|
|
|
| Cash and short-term investments |
$ |
2,800 |
|
| Accounts receivable, net |
|
10,400 |
|
| Property, plant, and equipment, net |
|
80,400 |
|
| |
| Total assets |
$ |
93,600 |
|
| |
| Liabilities and Stockholders' Equity |
|
|
|
| Accounts payable |
$ |
1,800 |
|
| Income taxes payable |
|
1,900 |
|
| Notes payable (long term) |
|
51,600 |
|
| Paid-in capital |
|
9,000 |
|
| Retained earnings |
|
29,300 |
|
| |
| Total liabilities and stockholders' equity |
$ |
93,600 |
At December 31, 2012, total assets were $81,100 and total stockholders' equity was $30,900. There were no changes in notes payable or paid-in capital during 2013.
Required information
a. From the above income statement and balance sheet for Gerrard Construction Co. What other financial statements are required?
_____Statement of Cash flows _____Statement of changes in stockholders' equity _____Both statement of cash flows and statement of changes in stockholders' equity _____None