1. Prepare the Statement of Income statement of the Company.

1. Prepare the Statement of Income statement of the Company.

2:36 1 % 73% Company B - Saved : fr A B C D E F G 3 4 5 Inceom Statement For the year end on December 31, 2019 Revenues 17,039.28 Cost of goods sold 11,291.59 Gross profit 5,747.69 Administrative expenses 181.60 Selling & distribution expense 490.51 Depreciation expense 424.28 Total operating expenses 1,096.39 Operating profit 4,651.30 Profit before interest taxes 4,651.30 Interest expense 678.65 Profit before taxes 3,972.65 Taxes 1,060.92 Proft after taxes 2,911.73 2018 13,183.14 8,627.91 4,555.22 169.18 402.16 360.00 931.34 3,623.88 3,623.88 534.87 3,089.01 859.32 2,229.70 2018 6 7 8 9 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 4B 49 50 COMPANY B Balance Statement As on December 31, Assets 2019 Current Assets Cash 1,072.99 Marketable securities 715.33 Accounts receivables 8,223.09 Inventories 3,161.11 Total current assets 13,172.52 639.11 426.07 5,626.33 2,659.70 9,351.20 Gross Fixed Assets Less: Accumulated Decepreciation Net fixed assets Total Assets 7,665.43 3,807.02 3,858.41 17,030.93 6,925.27 3,382.74 3,542.53 12,893.73 00 Liabilities and owners' equity Current liabilities Accounts payable Notes payable Accruals Total current liabilities 73.23 4,026.34 2,475.09 6,574.66 95.19 3,873.88 1,264.39 5,233.47 Long-term loans Total liabilities 1,110.04 7,684.70 949.76 6,183.22 3,174.00 2,760.00 Equity Common stock at par Paid-up capital in excess of par Retained earnings Total equity Total liabilities and equity 6,172.23 3,950.51 9,346.23 6,710.51 17,030.93 12,893.73 51 52 53 54 FF Dividend proposed 690.01 Sheet1 +