2. PT ABC is a manufacturing company in the country. The company calculates its sales and profitability monthly. The balanced sheet of PT ABC in 1 January 2016 is exhibited in Table-1 During January 2016 the company bought materials, produced finished goods, paid expenses for sales and general administration cost, and sold its finished goods as explained in Table 2. | Table-1 Balance Sheet in January-1st, 2020 in IDR Billion ASSETS Current Assets Cash Acc Receivable Inventory Total Current Assets Fixed Assets 300 100 0 400 891 LIABILITIES Current Liabilities Account Payable Short-term Debt Long-term Debt Total Debt Equity Common Stock Retained Earning Total Equity 301 40 275 616 230 445 675 Total Asset 1291 Total Liabilities and Equity 1291 Table-2 Company Activities Revenues and Cost (IDR Value 155 Action Bought Materials Produced Finished Goods with: a. Direct Labor Cost b. Manufacturing Overhead Cost c. General Adm and Marketing Ca Company sold its products with cash a. Product A b. Product B Ending Inventory 133 125 244 455 255 160 (1) Calculate cost of goods sold and Income Statement PT ABC for January 2016 if income tax 25% (2) Calculate profitability ratio and current ratio and interpret this financial condition. (3) Using joint cost concept, please calculate each cost of goods sold of P and Q! (4) If there were scraps that sold IDR 10 Billion, and spoilage cost IDR 5 Billion, please calculate the new income statement. 2. PT ABC is a manufacturing company in the country. The company calculates its sales and profitability monthly. The balanced sheet of PT ABC in 1 January 2016 is exhibited in Table-1 During January 2016 the company bought materials, produced finished goods, paid expenses for sales and general administration cost, and sold its finished goods as explained in Table 2. | Table-1 Balance Sheet in January-1st, 2020 in IDR Billion ASSETS Current Assets Cash Acc Receivable Inventory Total Current Assets Fixed Assets 300 100 0 400 891 LIABILITIES Current Liabilities Account Payable Short-term Debt Long-term Debt Total Debt Equity Common Stock Retained Earning Total Equity 301 40 275 616 230 445 675 Total Asset 1291 Total Liabilities and Equity 1291 Table-2 Company Activities Revenues and Cost (IDR Value 155 Action Bought Materials Produced Finished Goods with: a. Direct Labor Cost b. Manufacturing Overhead Cost c. General Adm and Marketing Ca Company sold its products with cash a. Product A b. Product B Ending Inventory 133 125 244 455 255 160 (1) Calculate cost of goods sold and Income Statement PT ABC for January 2016 if income tax 25% (2) Calculate profitability ratio and current ratio and interpret this financial condition. (3) Using joint cost concept, please calculate each cost of goods sold of P and Q! (4) If there were scraps that sold IDR 10 Billion, and spoilage cost IDR 5 Billion, please calculate the new income statement