AAA EE A- AalbCe AaBbc Aabic - Noma No Spring Wody 9m Page rek Q1. (20 marks) Prepare a vertical analysis on the following data. Also comment on the usefulness of the analy Anisa Inc Income Statement For the Year Ended December 31, 2019 Net sales$3,471.000 Expenses Cost of goods sold$2.082.000 Selling expenses105.000 General expenses291,000 Interest expense 10.000 Income tax expense260.000 Total expenses2.253.000 Net incomes 217.000 O HI Q3 (10 marks) Accumulated Other Common Contributed Retained Comprehensive Shares surplus Earrings Income Balance Balance $190,000 50 $65,000 $255,000 F4.000 74,000 h. $6,500 86,500 (12.800) 12.800) it. 30,000 (30,000) a 3,000 3,000 Balance $294,000 $0 $108,700 $53,000 $405,700 Describe each transaction given in the table and its impact on the financial statement 8 8 6 O Q2 (20 marks) Latvia Inc shares the given data Net incomes 75,000 Increase in accounts payable25.000 Payments to suppliers 172,500 Collections of accounts receivable201,700 Depreciation expense 16,900 Payment of income taxes23,500 Cash sales115.900 Repurchase of shares50.000 Declaration of stock dividend70,000 Less on sale of capital assets 900 Inance of bonds payables00,000 Acquisition of equipment by ing non-current note payable60,000 Collection of dividend revenueL500 Payment of salaries and wages101,200 Acquisition of land54500 Payment of interest 1800 Interest received on investments 1,300 Prepare cashflow under ASPE using direct cashflow method. Answer 8