3. 4. 5. They use this money to buy an ofce for 160 000 , furniture's (tables, chairs, laptop) for 100 000. The company Tamasibo buys 250 GPS for 70 000 to a supplier and resell all GPS for 84 000. Negotiating with the supplier, Paul gets a credit of 60 days. On her side, Louise gives 45 days to the customers to pay their bills. In January: 1. Order of 500 GPS to the supplier for 140 000. Delivery is made on the following day and they are paid immediately. 2. Rent of a cellar to store furniture for 3 50% per month (paid immediately). 3. The company receives a call for property tax of 500 (paid immediately) 4. They subscribe to an insurance policy for 700 paid monthly. 5. The rst repayment of the loan is l 750 , interests for 600 (=3 and capital for l 150. 6. 7 8 9. 1 Clmence draws the payroll for the assistant they hired for January: 1 800. . Monthly depreciations amounts to 890 for the office and 1 200?. for the furniture's. . Sales amount to 210 000 e, i e 500 GPS, on credit. Half of the customers of December paid their bills. 0. The company paid the supplier for the initial order. Overhead costs are paid cash. Required: 1. 2. Draw the income statement and the balance-sheet at the end of January. Draw the cash ow statement