\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Apollo ins } \\ \hline \multicolumn{3}{|c|}{ Income statement } \\ \hline \multicolumn{3}{|c|}{\begin{tabular}{r} Year fnded Dercember 11 \\ 2020 \end{tabular}} \\ \hline Net talet & 1,875,000 & 2,100,000 \\ \hline Variable costs & 1,400,250 & 1,575.000 \\ \hline Contribubon Margein & 468,750 & 525,000 \\ \hline Fixed coats & 142.500 & 233.730 \\ \hline Operabing income (EBIT) & 326,250 & 291,250 \\ \hline intereit expense & 67.000 & 62000 \\ \hline Earnings before taxes (EBT) & 259,250 & 224,250 \\ \hline Income tax expense & 77,275 & 67,278 \\ \hline Eamings after taxes (EAT). & 181.475 & 156,975 \\ \hline Dividends Paid & 125,950 & \\ \hline Addition to Retained Earnings & 55,525 & \\ \hline \multicolumn{3}{|c|}{ Apollo Inc } \\ \hline \multicolumn{3}{|c|}{\begin{tabular}{l} Statement of Financial Position \\ Year Ended December 31 \end{tabular}} \\ \hline & 2020 & 2019 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current Assets } \\ \hline Cash & 35,605 & 60,580 \\ \hline Accounts Receivable & 105,000 & 150,000 \\ \hline Merchandise inventory & 90.000 & 112,000 \\ \hline Total Current Assets & 230,605 & 322,580 \\ \hline \multicolumn{3}{|l|}{ Capital Assets } \\ \hline Property. Plant and Equipment & 1,400,000 & 1,430,000 \\ \hline Accumulated Depreciation & -320.000 & (495,000) \\ \hline Property, Plant and Equiment (net) & 1,080,000 & 935,000 \\ \hline Intangible Assets & 60,000 & 60,000 \\ \hline \end{tabular} Use the table below to caiculate Reguired New Funding We the space beitow to calculate Fequired Nirw Fundiny: Solution We the tabir Helow to criculate Regured New funding Statement of Financial Position War rnded December is \begin{tabular}{|c|c|c|} \hline & 2020 & 2019 \\ \hline \multicolumn{3}{|l|}{ Asnets } \\ \hline \multicolumn{3}{|l|}{ Coment Asserts } \\ \hline Cash & 35.605 & 60,589 \\ \hline Accovints Receivable: & 105,000 & 150.000 \\ \hline Merchandoe inventory & 90.000 & 112.000 \\ \hline rotal Current Assets & 230,605 & 322,530 \\ \hline \multicolumn{3}{|l|}{ Capital Assets } \\ \hline Probertv. Plant and Equipment & 1.400,000 & 1,430,000 \\ \hline Accumulated Depreciation. & -320080 & (4050000) \\ \hline Property. Plant and Equiment (net) & 1,080,000 & 935,000 \\ \hline intanglble Assets & 60,000 & 60.000 \\ \hline Total Assets & 1,370,605 & 1,317,580 \\ \hline \end{tabular} Labilities \& Shareholder's Equity \begin{tabular}{|l|r|r|} \hline Current Liabilities & \\ \hline Accounts Payable & 72,500 & 80,000 \\ \hline Accrued Liabilities & 20,000 & 15,000 \\ \hline Eank Loan & 20,000 \\ \hline Total Current Labilities & 92,500 & 115,000 \\ \hline Long-term Liabilities & & \\ \hline Mortage Payable & 670,000 & \\ \hline Total Lialbilities & 762,500 & \\ \hline Shareholder's Equity & & 7650,000 \\ \hline Common Shares (10,000 issued) & 100,000 & \\ \hline Retained Earnings & 508,105 & 100,000 \\ \hline Total Shareholder's Equity & 608,105 & 452,580 \\ \hline Total Liab \& Shareholder's Equity & 1,370,605 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Apollo ins } \\ \hline \multicolumn{3}{|c|}{ Income statement } \\ \hline \multicolumn{3}{|c|}{\begin{tabular}{r} Year fnded Dercember 11 \\ 2020 \end{tabular}} \\ \hline Net talet & 1,875,000 & 2,100,000 \\ \hline Variable costs & 1,400,250 & 1,575.000 \\ \hline Contribubon Margein & 468,750 & 525,000 \\ \hline Fixed coats & 142.500 & 233.730 \\ \hline Operabing income (EBIT) & 326,250 & 291,250 \\ \hline intereit expense & 67.000 & 62000 \\ \hline Earnings before taxes (EBT) & 259,250 & 224,250 \\ \hline Income tax expense & 77,275 & 67,278 \\ \hline Eamings after taxes (EAT). & 181.475 & 156,975 \\ \hline Dividends Paid & 125,950 & \\ \hline Addition to Retained Earnings & 55,525 & \\ \hline \multicolumn{3}{|c|}{ Apollo Inc } \\ \hline \multicolumn{3}{|c|}{\begin{tabular}{l} Statement of Financial Position \\ Year Ended December 31 \end{tabular}} \\ \hline & 2020 & 2019 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current Assets } \\ \hline Cash & 35,605 & 60,580 \\ \hline Accounts Receivable & 105,000 & 150,000 \\ \hline Merchandise inventory & 90.000 & 112,000 \\ \hline Total Current Assets & 230,605 & 322,580 \\ \hline \multicolumn{3}{|l|}{ Capital Assets } \\ \hline Property. Plant and Equipment & 1,400,000 & 1,430,000 \\ \hline Accumulated Depreciation & -320.000 & (495,000) \\ \hline Property, Plant and Equiment (net) & 1,080,000 & 935,000 \\ \hline Intangible Assets & 60,000 & 60,000 \\ \hline \end{tabular} Use the table below to caiculate Reguired New Funding We the space beitow to calculate Fequired Nirw Fundiny: Solution We the tabir Helow to criculate Regured New funding Statement of Financial Position War rnded December is \begin{tabular}{|c|c|c|} \hline & 2020 & 2019 \\ \hline \multicolumn{3}{|l|}{ Asnets } \\ \hline \multicolumn{3}{|l|}{ Coment Asserts } \\ \hline Cash & 35.605 & 60,589 \\ \hline Accovints Receivable: & 105,000 & 150.000 \\ \hline Merchandoe inventory & 90.000 & 112.000 \\ \hline rotal Current Assets & 230,605 & 322,530 \\ \hline \multicolumn{3}{|l|}{ Capital Assets } \\ \hline Probertv. Plant and Equipment & 1.400,000 & 1,430,000 \\ \hline Accumulated Depreciation. & -320080 & (4050000) \\ \hline Property. Plant and Equiment (net) & 1,080,000 & 935,000 \\ \hline intanglble Assets & 60,000 & 60.000 \\ \hline Total Assets & 1,370,605 & 1,317,580 \\ \hline \end{tabular} Labilities \& Shareholder's Equity \begin{tabular}{|l|r|r|} \hline Current Liabilities & \\ \hline Accounts Payable & 72,500 & 80,000 \\ \hline Accrued Liabilities & 20,000 & 15,000 \\ \hline Eank Loan & 20,000 \\ \hline Total Current Labilities & 92,500 & 115,000 \\ \hline Long-term Liabilities & & \\ \hline Mortage Payable & 670,000 & \\ \hline Total Lialbilities & 762,500 & \\ \hline Shareholder's Equity & & 7650,000 \\ \hline Common Shares (10,000 issued) & 100,000 & \\ \hline Retained Earnings & 508,105 & 100,000 \\ \hline Total Shareholder's Equity & 608,105 & 452,580 \\ \hline Total Liab \& Shareholder's Equity & 1,370,605 & \\ \hline \end{tabular}