ABC company began its activities at Dec,31,2014 by consolidating A,B, and C companies, registered all its assets with fair value. The following are items of B/S for 2014 and 2015 :

For 2014 Cash and A/R = 400 Inventory = 300 Lands = 80 Machines = 420 Acc. Depreciation = 0 Current liabilities = 160 Long term liabilities = 200 Capital ( common stocks ) = 280 Premium issue = 560 Retain earnings = 0

For 2015 : Cash and A/R = 520 Inventory = 260 Lands = 80 Machines = 540 Acc. Depreciation = 48 Current liabilities = 180 Long term liabilities = 232 Capital ( common stocks) = 280 Premium issue = 560 Retained earnings = 100

The following are items of income statement for 2015: Sales = 1600 Purchases = 1000 Beginning inventory = 300 Ending inventory = 260 Depreciation expense = 48 Other expenses = 192 Tax expense = 140 Proposed dividends = 80

Notes: 1. Prices of index numbers : 140% at 31/12/2014 150% the mean of 2015 160% at 31/12/2015

2. A machine of 120 JD cost was purchased at 1/7/2015, depreciated at 10% using straight line method. 3. Dividends were paid at 31/12/2015 16.Cash and A/R of B/S of 31/12/2014 adjusted by JD price at 31/12/2015 (2 Points)

426.67

350

594.28

457.14 17.Machines of B/S of 31/12/2014 adjusted by JD price at 31/12/2015 (2 Points)

448

367.5

480

450 18.Current Liabilities of B/S of 31/12/2014 adjusted by JD price at 31/12/2015 (2 Points)

170.67

182.86

171.43

160 19.Machines of B/S of 31/12/2015 adjusted by JD price at 31/12/2015 (2 Points)

617.14

576

608

578.57 20.Sales adjusted by JD price at 31/12/2015 (2 Points)

1828.57

1714.28

1500

1706.67 21.Tax expense adjusted by JD price at 31/12/2015 (2 Points)

160

150

149.3

131.25 22.Depreciation expense adjusted by JD price at 31/12/2015 (2 Points)

51.2

54.86

54.4

51.43 23.Proposed dividends adjusted by JD price at 31/12/2015 (3 Points)

85.3

91.43

85.7

80 24.Purchasing power loss equalsImmersive Reader (3 Points)

14.8

16.2

15.6

14.2