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2. (10 marks) Rocky Views Tour Company has hired you to create their financial statements for the year ended December 31, 2021. Using the

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2. (10 marks) Rocky Views Tour Company has hired you to create their financial statements for the year ended December 31, 2021. Using the following information, create a balance sheet and a Statement of Comprehensive Income for 2021. Tour Service Revenue $ 32,800.00 Salaries $ 17,000.00 Advertising $ 5,000.00 Fuel $ 2,000.00 Cash $ 15,500.00 Accounts Receivable $ 4,500.00 Accounts Payable $ 4,000.00 Salaries Payable $ 1,000.00 Bank Loan $ 20,000.00 Dividends $ 1,000.00 Interest $ 1,200.00 2020 Ending UCC of Bus $ 40,000.00 Additional Information: In 2010, the company's owner contributed $32,660 to start the company. ECON 457 Assignment 1 Fall 2022 The corporate tax rate is 10% In 2020, Rocky Views purchased security cameras and equipment for their bus for $5,000. They do not expect to get any salvage value after using it for 5 years. They depreciate it using the straight-line method and will not be required to follow the half-year rule in the first year. The bus has a CCA depreciation rate of 10%

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