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- Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).a. P 5,490,000b. P 5,540,000c. P 5,850,000d. P 7,850,000
- Question #5 please!Question 2 The following are financial statements of AR Sdn Bhd. AR Sdn Bhd Income Statement for the year ended 31/12/2015 RM RM RM Sales 18600 R/Inward (440) Net Sales 18160 COGS Opening stock Purchase 3776 11556 -R/Owards (355) 11201 +carriage inwards 234 11435 15211 -Closing stock COGS (4998) (10213) GROSS PROFIT 7947 Other income Interest Received 862 8809 (-) Expenses Carriage O/ward Motor expenses 326 664 Discount allowed 526 Rent 576 Sundry expenses Salaries & wages 1208 2447 (5747) 3062 Net Profit □ ㅇ |l>Analyze the balance sheet
- Please answer my hw thnxcDeSermovil8j8jhia898nvne 1h7r/k9volu7gkh91ogf771 f041cqa0sh615k/1612079475000/drive/1718964359 80% 1 / 4 1. The statement of financial position of Fateh Enterprise, a sole trader, for two successive years are shown below. Statement of Financial Position as 31 December 2020 2019 RM RM RM RM Non Current Asset Land and premises (cost RM52,000) Plant and machinery: (Cost RM19,000) (Cost RM25,000) 44,000 40,000 14,250 19,600 59,600 58,250 Current Asset Inventory Trade account receivable 6,600 17,800 6,300 12,600 7,100 Bank 24.400 82,650 26.000 85,600 FINANCED BY: Capital account: Balance at 1 January Add: Net Profit for the year 42,000 18.000 47,000 22,000 60,000 (13,000) 47,000 69,000 (15,000) 54,000 Less:Drawing Current Liabilities Trade account payable Bank overdraft 22,000 13,650 11,600 35,650 11,600 Non Current Liabilities Loan(repayable December 2022) 20.000 85.600 82.650 Required: Prepare statement of cash flow for Fateh Enterprise for the year ended 31 December 2020. Prepared by:…Urgentttt!!!!!
- Need help filling in the blank area'sI need help on this questionDuring the course of your examination of the financial statements of Sunland Corporation for the year ended December 31, 2025, you found a new account, "Investments." Your examination revealed that during 2025, Sunland began a program of investments, and all investment-related transactions were entered into this account. Your analysis of this account for 2025 follows: Date-2025 Feb. 14 July 26 Sept. 28 Apr. Oct. 28 30 Sunland Corporation Analysis of Investments Account For the Year Ended December 31, 2025 (a) Blossom Company Common Stock Purchased 3,900 shares @ $66 per share. Received 390 shares of Blossom Company common stock as a stock dividend. (Memorandum entry in general ledger.) Sold the 390 shares of Blossom Company common stock received July 26 @ $70 per share. (b) Daniel Inc. Common Stock Purchased 18,100 shares @ $42 per share. Received dividend of $1 per share. Debit $257,400 $760,200 Credit $27,300 $18,100