Question

2. (35 pts) The financial statements of Rhodes Corporation are shown above. a) Recreate the income statement and balance sheet using formulas wherever possible. Each statement should be on a separate

worksheet. Please show all dollar amount to thousands of dollars. b) On another sheet, create a statement of cash flows for 2019. Do not enter any numbers directly on this sheet. All formulas should be linked directly to the source on previous worksheets. c) Using Excel's outlining feature, create an outline on the statement of cash flows that, when collapsed, shows only the subtotals for each section. d) Create a common-size statement of cash flows for 2019 that can be switched between using sales and the 2018 cash balance in the denominator.

Fig: 1