A-Design Inc., a federally incorporated corporation in Canada and specializing in the design and manufacture of armrests for the wheelchair industry has planned produce and sell 18,000 armrests at $60 each in its third year of operation and has also planned $25,000 for advertising, $150,000 for electricity costs, $220,000 for salaries, $20 per armrest for production materials, $22,000 for overhead, $26,000 for rent and $8,000 for depreciation. ADesign has a debt of $120,000 at an annual interest rate simple 3% and a tax rate of 30%.

1. Produce a table of the different costs of A-Design indicating the type of cost and their classification. 2. Produce A-Design's profit and loss account at the end of its third year and determine the operating profit, profit before taxes and A-Design's net profit this year. 3. On December 31, 2019, A-Design presented the financial data following: $400,000 in cash, $150,000 in inventory, $375,000 in equipment, $420,000 in bank loan, $318,000 in account at pay and $90,000 in other liabilities. Produce the A-Design balance sheet Inc. for the year 2019. 4. For the month of January 2020, A-Design Inc. reported in its journal the following financial data: $290,000 in sales, $15,000 loan, $2,200 rent, $95,000 building materials production, $4,000 in publicity, $25,800 in salary and $13,000 in electricity. File an ADesign cash flow statement for January 2020.