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1) Construct a statement of profit and loss ( P&L ) for Corpus Corp up through Earnings-BeforeTaxes (EBT) for both 2021 and 2022. Again, use
1) Construct a statement of profit and loss ( P&L ) for Corpus Corp up through Earnings-BeforeTaxes (EBT) for both 2021 and 2022. Again, use three columns: The left column should list the relevant accounts, the middle column should show the appropriate values for each account in 2021 , and the right column should show the appropriate values for 2022 . 2) Compute full (combined federal and provincial) corporate taxes for Corpus for both 2021 and 2022. Here are two additional facts about the Corpus Corp: 1) It has been designated a small corporation by the Canada Revenue Agency. 2) It is headquartered in Moncton, New Brunswick. According to the latest adjustments to the corporate tax code, small corporations pay 9% federal and 2.5% N.B. provincial tax on the first $500,000 they earn and then pay 15% federal and 14% N.B. provincial tax on the remainder. 3) What was Corpus' investment in PPE in 2022? 4) Using your answers to Q1 (P\&L) and Q2 (taxes) a) Compute NOPAT for Corpus for 2022. b) Determine the difference (in \$) between NOPAT and EBT in 2022. c) The difference between NOPAT and EBT involves which two other
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