Instructions: Prepare a Statement of Comprehensive Income - Horizontal Analysis including the interpretation: Use the space provided for your answer. Tacurong Car Park Statement of Comprehensive Income For the year ended December 31, 2020 and 2019 2020 2019 Revenues: Parking Fees ₱ 1,705,700.00 ₱ 1,760,700.00 Car Wash and Cleaning ₱ 89,700.00 ₱ 50,700.00 Total Revenues ₱ 1,795,400.00 ₱ 1,811,400.00 Expenses: Rent ₱ 595,700.00 ₱ 595,700.00 Salaries ₱ 295,700.00 ₱ 275,700.00 Depreciation ₱ 110,200.00 ₱ 110,200.00 Utilities ₱ 111,200.00 ₱ 108,250.00 Supplies ₱ 80,700.00 ₱ 85,700.00 Insurance ₱ 55,700.00 ₱ 70,700.00 Advertising ₱ 60,200.00 ₱ 45,700.00 Taxes and License ₱ 80,700.00 ₱ 90,700.00 Repairs and Maintenance ₱ 11,200.00 ₱ 3,700.00 Total Expenses ₱ 1,401,300.00 ₱ 1,386,350.00 Net Operating Income ₱ 394,100.00 ₱ 425,050.00 Interest Expense ₱ 130,500.00 ₱ - Net Income ₱ 263,600.00 ₱ 425,050.00

Instructions: Prepare a Statement of Comprehensive Income - Horizontal Analysis including the interpretation: Use the space provided for your answer. Tacurong Car Park Statement of Comprehensive Income For the year ended December 31, 2020 and 2019 2020 2019 Revenues: Parking Fees ₱ 1,705,700.00 ₱ 1,760,700.00 Car Wash and Cleaning ₱ 89,700.00 ₱ 50,700.00 Total Revenues ₱ 1,795,400.00 ₱ 1,811,400.00 Expenses: Rent ₱ 595,700.00 ₱ 595,700.00 Salaries ₱ 295,700.00 ₱ 275,700.00 Depreciation ₱ 110,200.00 ₱ 110,200.00 Utilities ₱ 111,200.00 ₱ 108,250.00 Supplies ₱ 80,700.00 ₱ 85,700.00 Insurance ₱ 55,700.00 ₱ 70,700.00 Advertising ₱ 60,200.00 ₱ 45,700.00 Taxes and License ₱ 80,700.00 ₱ 90,700.00 Repairs and Maintenance ₱ 11,200.00 ₱ 3,700.00 Total Expenses ₱ 1,401,300.00 ₱ 1,386,350.00 Net Operating Income ₱ 394,100.00 ₱ 425,050.00 Interest Expense ₱ 130,500.00 ₱ - Net Income ₱ 263,600.00 ₱ 425,050.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Instructions:

Prepare a Statement of Comprehensive Income - Horizontal Analysis including the interpretation:
Use the space provided for your answer.

Tacurong Car Park

Statement of Comprehensive Income

For the year ended December 31, 2020 and 2019

			2020		2019
Revenues:
	Parking Fees		₱ 1,705,700.00		₱ 1,760,700.00
	Car Wash and Cleaning	₱ 89,700.00		₱ 50,700.00
Total Revenues		₱ 1,795,400.00		₱ 1,811,400.00

Expenses:
	Rent		₱ 595,700.00		₱ 595,700.00
	Salaries		₱ 295,700.00		₱ 275,700.00
	Depreciation		₱ 110,200.00		₱ 110,200.00
	Utilities		₱ 111,200.00		₱ 108,250.00
	Supplies		₱ 80,700.00		₱ 85,700.00
	Insurance		₱ 55,700.00		₱ 70,700.00
	Advertising		₱ 60,200.00		₱ 45,700.00
	Taxes and License		₱ 80,700.00		₱ 90,700.00
	Repairs and Maintenance	₱ 11,200.00		₱ 3,700.00
Total Expenses		₱ 1,401,300.00		₱ 1,386,350.00

Net Operating Income		₱ 394,100.00		₱ 425,050.00
Interest Expense		₱ 130,500.00		₱ -
Net Income		₱ 263,600.00		₱ 425,050.00