Depreciation expense Insurance expense (a1) Salaries expense Utilities expense Interest expense Interest income Land Mortgage payable Additional information: 6,000 2,900 173,300 4,400 9.500 700 173,500 209.200 1. Sunland started the year with $29,800 of common shares and issued $23,800 more during the year. 2. Sunland must pay $41,800 of the mortgage payable next year in 2025. Prepare a statement of income for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SUNLAND LIMITED Statement of Income

Depreciation expense Insurance expense (a1) Salaries expense Utilities expense Interest expense Interest income Land Mortgage payable Additional information: 6,000 2,900 173,300 4,400 9.500 700 173,500 209.200 1. Sunland started the year with $29,800 of common shares and issued $23,800 more during the year. 2. Sunland must pay $41,800 of the mortgage payable next year in 2025. Prepare a statement of income for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SUNLAND LIMITED Statement of Income

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Hi, below is an attached photo of the question. Please show explanation of calculations. Thankyou.
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