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Studern Date: 08/12/2018 #1, #2and #3 are based onthe below given information: Task z Corporations Balance Sheet is made from: Date 31/12/17 31/12/16 1) Equipment 2) Bank Loans (Long Term) 74 000 21 000 1 200 6 300 14 200 2 000 3 400 4 200 26 100 7600 13 000 23 400 300 45 000 4 300 23 700 8 000 12 000 11 900 29 500 13 500 3 100 23 000 200 23 000 6 500 6 800 14 500 12 300 3 500 34 800 150 17 500 3) Taxes 4) Raw Materials 6) Bank Accounts 7) Other Long Term Debt . 8) Cash 9) Furniture 10) Returned Earnings 11) Account Payables 12) Finished Goods 13) Account Receivables 14) 15) 16) 17) 18) 19) 20) Advances Received Common Stocks Advances made Bank loans (Short Term) Land and Buildings Preferred Stocks Depreciation 19 800 9 350 2 000 7 800 Z Corporations Income Statement is made from: Period 1) Salaries 2) Depreciation 3) Insurance 4) Interest expenses 5) Rent 6) Sales 7) Marketing, Advertising 8) Tax (Income Tax) 9) 2017 84 000 4 100 3 200 3 600 18 000 384 000 22 700 20% rate 196 000 2016 32 000 3 750 200 5 200 12 000 256 700 3 200 20% rate 167 600 Cost of Goods Sold (COGS
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Z Corporations Balance Sheet as at December 31,2017 and December 31, 2018: As at 31/12/2018 Amount s As at 31/12/2017 31/12/2018 Amount S AmountS s a As at Assets 31/12/2017 Liabilities and Shareholders Equity Amount s Current Assets: Current Liabilities: 6,500 Accounts Payable 200 Advance received Cash Bank Accounts Accounts Receivable Raw material Finished goods Adance made 3,400 14,200 23,400 6,300 13,000 4,300 64,600 7,600 300 23,700 1,200 32,800 12,300 150 19,800 3,100 35,350 34,800 23,000 Bank Loans (Short term) Taxes 3,500 Total Current Liabilities (A) Total Current Assets (A) 68,000 Non-Current Liabilitiess: Bank Loans (Long term) Other Long term debt 21,000 2,000 23,000 13,500 23,000 36,500 Non-Current Assets: Propertu, Plant and Equipment Total Non-Current Liabilities (B) Land and Buildings Equipment Furniture 8,000 9,350 7 4,000 29,500 Shareholders Equity- 4,200 86,200 (11,900) 74,300 138,900 6,800 Common Stock 45,650 Retained earnings (7,800) Preffered Stock 37,850 Total Shareholders Equity (C) 105,850 Liabilities and Shareholders Equity (A+B+C) 45,000 26,100 12,000 83,100 138,900 17,500 14,500 2,000 34,000 105,850 Gross Fixed Assets reciation ess Net Fixed Assets (B) Total Assets (A+B)Z Corporations Income Statemenmt for the vear ending December 31,2017 and December 31, 2018 Particulars 2017 2018 AmountS Amount $ ales Less: Cost of goods sold (COGS) Gross Profit Less: Operating expenses 384,000 196,000 188,000 256,700 167,600 89,100 Salaries Rent Insurance Marketing, Advertising Depreciation Interest expense 84,000 18,000 3,200 22,700 4,100 3,600 135,600 52,400 10,480 41,920 32,000 12,000 200 3,200 3,750 5,200 56,350 32,750 6,550 26,200 Total Operating Expenses Operating Income Less: Tax (Income tax) et Income

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