2:17 PM Sun Mar 8 9 29% E Ch13_MaryBrogdon Draw Formulas Data Home Insert Review View Q Lo 8 hetz OE 19 Calibri (Body) 12 B IV H5 A 5 fx 4 A B C D E F G H I K L M N O P Q R S T U V 2020 $21,133,000 16,061,080 5,071,920 2019 $19,442,360 14,970,617 4,471,743 841,000 104,400 153,600 422,660 1,521,660 832,590 95,004 152,064 431,113 1,510,771 6 Sales, net 7 Less: Cost of goods sold Gross profit Operating expenses Selling Salaries and benefits Delivery Office supplies Warranty Total selling General and administrative Bad debts Depreciation Professional fees Total general and adminstrative 21 Total operating expenses 22 Income (loss) from operations 23 Other income (expenses) 24 Rent revenue 25 Income (loss) before interest and income taxes 26 Interest expense 27 Income (loss) before income taxes Income taxes (recovered) 29 Net income (loss) 633,990 646,670 1,176,660 1,200,193 168,900 157,077 1,979,550 2,003,940 3,501,2103,514,711 1,570,710 957,032 187,000 1,757,710 682,245 1,075,465 247,357 $828,108 200,090 1,157,122 668,600 488,521 112,360 $376,162 Dandy Distributors Ltd. Statement of Changes in Equity For the Year Ended December 31, 2020 2020 2019 Required Fcl. Stmts. Fcl. Ratios + 2:17 PM Sun Mar 8 9 29% E Ch13_MaryBrogdon Draw Formulas Data Home Insert Review View Q Lo 8 hetz OE 19 Calibri (Body) 12 B IV H5 A 5 E F G H J M N O P A B C D 28 income taxes (recovered) 29 Net income (loss) I 247,357 $828,108 K L 1 12,360 $376,162 - 2019 2019 35 Dandy Distributors Ltd. Statement of Changes in Equity For the Year Ended December 31, 2020 2020 Retained Common Pref. earnings stock stock (deficit) $652,000 $19,670 $5,353,112 27,400 828,108 36 Total equity $5,730,250 Total equity $6,024,782 27,400 828,108 376,162 38 Balance (deficit) at Jan. 1 39 Stock issued 40 Net income (loss) 41 Cash dividends declared 42 Preferred 43 Common 44 Balance (deficit) at Dec. 31 (39,300) (38,400) $6,103,520 (39,300) (38,400) $6,802,590 (43,230) (38,400) $6,024,782 $679,400 $19,670 45 46 47 Dandy Distributors Ltd. Balance Sheet At December 31, 2020 48 49 Required Fcl. Stmts. Fcl. Ratios + 2:17 PM Sun Mar 8 9 29% E Ch13_MaryBrogdon Draw Formulas Data Home Insert Review View Q Lo 8 hetz OE 19 Calibri (Body) 12 B IV H5 A 5 fx 1 A B C D E F G H I K M N O P Q R S T U V W X Y Z Dandy Distributors Ltd. Balance Sheet At December 31, 2020 Assets 2020 Current Cash Accounts receivable, net Inventories 4,020,000 2,420,000 6,503,000 2019 $20,540 4,221,000 2,468,400 6,709,940 Plant assets Land Building, net Patents, net Goodwill 8,624,000 6,537,000 27,300 25,600 15,213,900 $21,716,900 8,541,260 6,929,220 27,300 25,600 15,523,380 $22,233,320 $642,160 110,544 209,520 Liabilities Current Trade accounts payable Estimated current liabilities Estimated warranty liabilities Note payable Dividends payable Interest payable Salaries and benefits payable Sales tax payable Unearned rent Current portion of mortgage payable Corporate income taxes payable $698,000 117,600 194,000 24,200 77,700 14,300 90,000 23,000 19,500 2,237,764 11,110 3,507,174 81,630 14,157 89,100 23,920 16,674 1,621,014 11,443 2,820,163 Non-current Mortgage payable Less: Current portion 13,644,900 (2,237 764) 11,407,136 14,914,310 15,009,390 (1,621,014) 13,388,376 16,208,538 Total liabilities Required Fcl. Stmts. Fcl. Ratios + 2:17 PM Sun Mar 8 9 29% E Ch13_MaryBrogdon Draw Formulas Data Home Insert Review View Q Lo 8 hetz OE 19 Calibri (Body) 12 B IV H5 A 5 A B C D UPOTOM E pun F G H I K L M N O P Q R S T 3,507,174 2,820,163 Non-current Mortgage payable Less: Current portion 13,644,900 (2,237,764) 11,407,136 14,914,310 15,009,390 (1,621,014) 13,388,376 16,208,538 Total liabilities Stockholders' Equity Common stock, $1 per share Preferred stock, $10 per share Retained earnings (deficit) 679,400 19,670 6,103,520 6,802,590 $21,716,900 652,000 19,670 5,353,112 6,024,782 $22,233,320 Total liabilities and S/H equity 101 102 Required Fcl. Stmts. Fcl. Ratios + 2:47 PM Sun Mar 8 29% 15