Question

Below is an random list of items that belong on either an agribusinesses balance sheet or income statement. Using this information, construct a balance sheet dated December 31, 2018 and an income statement from January 1, 2018 to December 31, 2018. Itemsthat have no value beside them indicate that you are to calculate the value based on the other numbers you have. NOTE: You need to create both a balance sheet and income statement from everything below that is formatted so that a manager can easily read the information. 14,894,000.00 927,000.00 Cost of Goods Sold Other Non-Current Assets Total Liabilities Other Long Total Non-Current Assets Total Assets Total Non-Current Liabilities Term Liabilities 2,314,000.00 Ul Total Current Liabilities Income Tax Ex Interest Expense Short Term Investments Earnings Before Interest and Taxes EBIT Account Receivables Intangible Assets Cash And Cash Equivalents Long Term Investments Total Sales Invento Total Current Assets Net Income Accounts Payable Other Current Liabilities Long Term Liabilities Other Current Assets Selling, General, and Administrative Pro 5,000.00 97,000.00 000.00 4,000,000.00 4,041,000.00 $ 1,997,000.00 5,324,000.00 15,947,000.00 5,000.00 $300,000.00 5,982,000.00 8,280,000.00 7,499,000.00 674,000.00 9,953,000.00 Plant and E Current Portion of Long Term Debt 590,000.00 Earnings Before Taxes (EBT) Labor Expense Total Operating Expenses Utility Expense Gross Profit/Margin Others 3,000.00 2,000.00 4,000.00 Other: other expenses

Answer 1

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Income Statement							Balance Sheet
Total Sale			$ 15,947,000
Cost of Goods Sold			$-14,894,000				Cash and Cash Equivalents		$ 1,997,000
Gross Profit			$    1,053,000				Accounts Receivable		$ 4,000,000
Selling, General and Admin		$674,000					Inventory		$          5,000
Labor Expense		$    3,000					Short Term Investments		$          6,000
Utilities Expense		$    2,000					Other Current Assets		$ 7,499,000
Other		$    4,000					Total Current Assets			$13,507,000
Total Operating Expense			$     -683,000				Property, Plant and Equipment		$ 9,953,000
Earning before interest and taxes			$       370,000				Intangible Assets		$ 4,041,000
Inerest Expense			$        -97,000				Long term investments		$ 5,354,000
Earning before Taxes			$       273,000				Other Non Current Assets		$     927,000
Income Tax Expense			$          -5,000				Total Non Current Assets			$20,275,000
Net Income			$       268,000
							Total Assets			$33,782,000
							Accounts Payable	$   300,000
							Current portion of Long term debt	$   590,000
							Other current Liabilities	$5,982,000
							Total Current liabilities		$ 6,872,000
							Long term Liabilities	$8,280,000
							Other Long Term liabilities	$2,314,000
							Total non Current liabilities		$10,594,000
							Total Liabilities			$17,466,000
							Equity-Balance			$16,316,000
							Total liabilities and Equity			$33,782,000