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Based on the financial statements, discuss some items that concern you or please you as a leader of Blazer.

Using the following information for The Blazer Corporation, create the balance sheet and income statement for 2017 and 2018. Show the complete statements in your submission. After completing the calculation of the financial statements, answer the following question about The Blazer Corporation. Based on the financial statements, discuss some items that concern you or please you as a leader of Blazer. Why do these items please or concern you? Requirements: Show the complete financial statements in your presentation.

Your discussion of the two questions should use at least 250 words. 2018 2017 Accounts payable 2,776 4,984 Accounts receivable, net 1,049 1,347 Accrued income tax payable 137 26 Accrued liabilities 1,878 1,641 Cash 1,101 2,240 Common stock 31 31 Cost of Goods Sold 32,275 29,963 Current part of long-term debt 544 44 Depreciation 683 654 Goodwill 425 425 Income tax expense 818 609 Interest expense 75 72 Inventory 5,209 4,864 Investment and other income 49 34 Long term debt 1,620 2,025 Other assets 374 622 Other current assets 438 384 Property plant and equipment 2,421 2,293 Retained earnings 5,678 4,678 Sales 42,151 39,403 Selling, general and administrative expense 7,349 6,911 Short term investments 2,032 1,681 Unredeemed gift cards liabilities 385 427