1. complete the worksheet for the business.

2. prepare the income statement for 30 june 2022

3. prepare statement for financial position as of 30 june 2022

4. how profitable is the business and financial position as of 30 june 2022

Transaction Details 1 On 1 July 2021, Clive sold his house in England for $1,000,000 and invest half of them in the Cup A bank account in that name was opened at Bank of England. 2 3 4 On the very next day, eup Shires two bakers and one waiter. The annual salary of baker and waiter is $50,000 each and $40,000 respectively. Due to ATO new regulation the salary will be paid annually in advance. On 15 July 2021, Svar Signed rental agreement with Real Green real estate to rent an existing Bakery shop at the cost of $20,000. Since ce Wlar paid that amount immediately, they received 10% discount from agent. On 1 August 2021, purchases inventory of flour, eggs, packaging and various artificial flavours ingredients worth $100,000. Although it is a large order, the suppliers require Cupcake War to pay all of the bills immediately. On 15 August 2021, cap er received a massive order from Melbourne Airport as to celebrate the opening of Australian Border. The orders consist of 20,000 of Choco-Cake, 50,000 of Berry - Vanilla and 10,000 of Banana - Lemon. Each of cupcake cost $2 each and it costs $1.25 each cupcake. Half of sales were cash sales; the rest will be due within one year. On 15 of August 2021, to cope with a bigger order GES purchased new oven for $20,000 cash. The useful life is assessed as 10 years.. 5 18 6b 7 On 1 September 2021, since the business slowing down Cupcavall purchases Facebook and Instagram advertising valued at $10,000 for advertising in both social media. ar paid this expense using a debit card from Bank of England. On the same day, 100 boxes of biodegradable packaging were purchased for $50 each. Due to previous order, Cher was given 90 days On 15 April 2022, a cupcake eating contest event raised $60,000 before deducting costs. The purpose of the event was to enable Warto purchase multiple delivery cars to deliver cupcakes in neighbouring suburbs. The cost of the event was $15,000 which was paid to the venue operator on that day. On 1 June 2022 Cup Saaid the utilities bill for $7,000 for water, gas, and electricity usage. 8 9 10 On 30 June 2022. Cup Fpurchased a second-hand Holden Colorado for $40,000. Cuped takes 5-year loan for half of this purchase. The useful life is assessed as 10 years