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Can someone please provide a clear Balance sheet and income statement for this exercise ? I don 't understand specifically the last three parts of

Can someone please provide a clear Balance sheet and income statement for this exercise ? I don 't understand specifically the last three parts of the question. Thanks

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Exercise (10 points) The company "BrownSugar" presents the following balance sheet at the beginning of a period (T): Current Assets Current Liabilities Cash 21,500 Accounts Payable 23,000 Inventories 8,000 Salaries Payable 3.500 Fixed Assets Non-current Liabilities Tangible Assets Loan 35,000 Land 51,500 Properties 32,000 Intangible Assets Shareholders' Equity Goodwill 8,000 Capital shares 50,000 Accumulated Earnings 9.500 Total Assets 121,000 Total Liabilities and Equity 121,000 Record the following transactions and obtain the Balance Sheet and Income Statement at the end of the accounting period T. 1) The credit manager of BrownSugar estimates that the entire value of Inventories will be lost because of goods deterioration. 2) BrownSugar pays annual interests on a loan that last & years. The loan was originally stipulated the year before (T-1). The interest expenses are paid immediately (interest rate 5%). 3) They pay half of the Accounts Payable of previous year. 4) They pay the 30% of the Salaries Payable of previous year. 51 A new shareholder enters to the company by issuing 1000 shares valued 15 ( each ( Cash Deposit ) Information necessary to adjust entries a) The depreciation rate of Properties is 8%. Land is not depreciated. b) At the end of T, the fair value of the Goodwill is 8,500, the fair value of the Land is 51,500, the fair value of Properties is 32,500. c) Tax rate 33% (Revaluations of Fixed Assets are not taxable) d) BoD sets a percentage for dividends at the end of year T by 5% of the Final Net Income Prepare the financial statements and, then, determine the values of Current Assets, Fixed Assets, Current Liabilities, Non-Current Liabilitys, Equity and Net Income/Loss after taxes

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