Warm-up: Horizontal Analysis of SCI Instructions: 1. Prepare a Statement of Comprehensive Income - Horizontal Analysis including the interpretation: 2. Use the space provided for your answer. Jacurong Car Park Statement of Comprehensive Income For the year ended December 31, 2020 and 2019 2020 2019 Revenues: Parking Fees Car Wash and Cleaning 1,705,700.00 89,700.00 1,795,400.00 1,760,700.00 50,700.00 1,811,400.00 伊 Total Revenues Expenses: Rent 595,700.00 295,700.00 110,200.00 111,200.00 80,700.00 55,700.00 60,200.00 80,700.00 11,200.00 1,401,300.00 595,700.00 275,700.00 110,200.00 108,250.00 85,700.00 70,700.00 45,700.00 90,700.00 3,700.00 1,386,350.00 Salaries Depreciation Utilities Supplies Insurance Advertising Taxes and License Repairs and Maintenance Total Expenses Net Operating Income Interest Expense 425,050.00 394,100.00 130,500.00 263,600.00 Net Income 425.050.00
Warm-up: Horizontal Analysis of SCI Instructions: 1. Prepare a Statement of Comprehensive Income - Horizontal Analysis including the interpretation: 2. Use the space provided for your answer. Jacurong Car Park Statement of Comprehensive Income For the year ended December 31, 2020 and 2019 2020 2019 Revenues: Parking Fees Car Wash and Cleaning 1,705,700.00 89,700.00 1,795,400.00 1,760,700.00 50,700.00 1,811,400.00 伊 Total Revenues Expenses: Rent 595,700.00 295,700.00 110,200.00 111,200.00 80,700.00 55,700.00 60,200.00 80,700.00 11,200.00 1,401,300.00 595,700.00 275,700.00 110,200.00 108,250.00 85,700.00 70,700.00 45,700.00 90,700.00 3,700.00 1,386,350.00 Salaries Depreciation Utilities Supplies Insurance Advertising Taxes and License Repairs and Maintenance Total Expenses Net Operating Income Interest Expense 425,050.00 394,100.00 130,500.00 263,600.00 Net Income 425.050.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Warm-up: Horizontal Analysis of SCI
Instructions:
1. Prepare a Statement of Comprehensive Income - Horizontal Analysis including the
interpretation:
2. Use the space provided for your answer.
Jacurong Car Park
Statement of Comprehensive Income
For the year ended December 31, 2020 and 2019
2020
2019
Revenues:
Parking Fees
Car Wash and Cleaning
1,705,700.00
89,700.00
1,795,400.00
1,760,700.00
50,700.00
1,811,400.00
Total Revenues
Expenses:
Rent
595,700.00
295,700.00
110,200.00
111,200.00
80,700.00
55,700.00
60,200.00
80,700.00
11,200.00
1,401,300.00
595,700.00
275,700.00
110,200.00
108,250.00
85,700.00
70,700.00
45,700.00
90,700.00
3,700.00
1,386,350.00
Salaries
Depreciation
Utilities
Supplies
Insurance
Advertising
Taxes and License
Repairs and Maintenance
Total Expenses
Net Operating Income
Interest Expense
Net Income
394,100.00
130,500.00
263.600.00
425,050.00
425.050.00
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