Assignment: Financial Analysis of Sager LLC$.$ as of

December $31,2022$

You are provided with the following financial information for

Sager LLC$.$ as of December $31,2022$:

Building: SR$20,000$

Cash: SR$12,000$

Accounts Receivable: SR$15,000$

Consulting Revenue: SR$45,000$

Office Supplies Expense: SR$6,000$

Salaries and Wages Expense: SR$10,000$

Rent Expense: SR$14,000$

Long$-$term Debt: SR$25,000$

Accounts Payable: SR$4,000$

Dividends Paid: SR$8,000$

Tasks:

Calculate the Total Assets: Determine the total assets of

Sager LLC$.$ as of December $31,2022.$

Compute the Net Income for December $2017$: Ascertain

the net income that Sager LLC$.$ reported for the month of

December $2022.$

Determine the Equity: Compute the equity of HSager

LLC$.$ as of December $31,2022.$

Solve like this:

TRANSACTION $10.$ DIVIDENDS The corporation pays a dividend of $1,300$ in

cash to Ray and Barbara Neal, the shareholders of Softbyte SA$.$

$4600-600$

$-1,300$