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Question: required information the following information applies to the questions displayed...

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Required information [The following information applies to the questions displayed below.]

Fitbit, Inc., reported the following information for the nine-month period ended October 1, 2016. Items are in thousands of dollars.

Accounts Payable $ 521,000

Accounts Receivable 462,900

Advertising Expense 81,400

Cash (January 1, 2016) 666,000

Cash (October 1, 2016) 688,260

Common Stock 838,700

Equipment 257,000

Office Expenses 115,500

Income Tax Expense 19,900

Interest Expense 4,200

Inventories 216,600

Notes Payable 55,300

Operating Expenses 264,700

Retained Earnings (January 1, 2016) 261,900

Sales Revenue 521,560

Supplies 88,000

Other cash flow information:

Cash received from issuing common stock $ 39,560

Cash paid to purchase equipment 68,400

Cash paid to suppliers and employees 490,300

Cash received from customers 539,700

Cash received from sale of long-term assets 1,700

Dividends paid to stockholders 0

Required: Prepare an income statement for the nine months ended October 1, 2016. (Enter your answers in thousands.)

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