Compute for the Financial Position of both years and Notes to Financial Statements of both years

2019 2018 Debit Credit Debit Credit 5% Preference share capital, P100 par 5,500,000.00 5,800,000.00 Accounts payable 819,500.00 807,300.00 Accounts receivable 3,685,000.00 3,350,000.00 Accumulated depreciation - Building 260,000.00 110,000.00 Accumulated depreciation - Cooking equipment 1,400,000.00 700,000.00 Accumulated Depreciation - Office equipment 1,420,000.00 700,000.00 Accumulated depreciation - Store equipment 1,600,000.00 800,000.00 Allowance for doubtful accounts 73,700.00 67,000.00 Building 7,500,000.00 5,500,000.00 Cash 821,480.001 887.410.00 Cooking equipment 3,500,000.00 3,500,000.00 Cost of goods sold 22,744,988.00 21,201,730.00 Depreciation expense - building 150,000.00 110,000.00 Depreciation expense - office equipment 720,000.00 700,000.00 Depreciation expense - store equipment 800,000.00 800,000.00 Dividends payable Doubtful accounts 6,700.00 67,000.00 Finished goods inventory 1,374,912.00 1,354,320.00 Freight-out 2,144,700.00 1.949.700.00 Income tax expense 2,891,080.00 2,545,940.00 Income tax payable 2,889,580.00 2,544,740.00 Insurance expense of goods sold in transit 428,940.00 389.940.00 Interest expense 96,000.00 60,000.00 Interest income 100,000.00 20,000.00 Land 7,000,000.00 4,000,000.00 Loss due to fire 500,000.00 0.00 Notes payable, due on December 31, 2020 800,000.00 500,000.00 Office equipment 3,600,000.00 3,500,000.00 Office supplies 17,870.001 16,250.00 Office supplies expense 214,470.00 194.970.00 Ordinary share capital, P5 par 5,000,000.00 7,500,000.00 Prepaid insurance 71,490.000 64,990.00 Raw materials inventory 954,800.00 940,500.00 Rental income 240,000.00 210,000.00 Retained Earnings 5,140,530.00 0.00 Salaries and wages of admin employees 3,217,050.00 2,924,550.00 Salaries and wages of sales agents 2.144,700.00 1.949.700.00 Salaries payable 223,400.00 203,100.00 Sales 44,220,000.00 140,200,000.00 Sales discounts 442,200.000 402,000.00 Sales returns and allowances 884,400.00 804,000.00 Share Premium - Ordinary 750,000.00 1,151,700.00 Share Premium - Preference 825,000.00 870,000.00 Store equipment 4,000,000.00 4,000,000.00 Store supplies 35,740.00 32,500.00 Store supplies expense 428,930.00 389,940.00 Subscribed ordinary share capital 1,000,000.00 1,500,000.00 Subscribed preference share capital 500,000.00 1,160,000.00 Subscription receivable - Ordinary 800,000.00 1,200,000.00 Subscription receivable - Preference 300,000.00 696,000.00 Treasury Shares at cost, ordinary 80,000.00 120,000.00 Treasury Shares at cost, preference 60,500.00 63,800.00 Work in process inventory 1,145,760.00 1,128,600.00 Totals 72,761,710.00 72,761.710.0064,843,840.00 64,843,840.00 Additional information: 1. Inventories as of January 1 2019 2018 Raw materials inventory 940,500.00 570,000.00 Work in process inventory 1,128,600.00 820,000.00 Finished goods inventory 1,354,320.00 1,250,000.00 2. Cost of Goods Sold related expenses Purchases Freight-in Purchase returns and allowances Direct Labor Factory Overhead (including the depreciation expense for the cooking equipment) 2019 2018 9,548,000.00 9,405,000.00 477,400.00 470,250.00 190,960.00 188,100.00 5,892,100.00 5,590,000.00 17,070,500.00 6,708,000.00 3. shares are cumulative and non- Preference participating. Dividends was declared last December 25, 2018 and paid last January 20, 2019. 800,000.00 Dividends was declared last December 28, 2019 and will be paid on February 1, 2020. 1,000,000.00 Provide the schedule for the dividend allocation. 2019 2018 Debit Credit Debit Credit 5% Preference share capital, P100 par 5,500,000.00 5,800,000.00 Accounts payable 819,500.00 807,300.00 Accounts receivable 3,685,000.00 3,350,000.00 Accumulated depreciation - Building 260,000.00 110,000.00 Accumulated depreciation - Cooking equipment 1,400,000.00 700,000.00 Accumulated Depreciation - Office equipment 1,420,000.00 700,000.00 Accumulated depreciation - Store equipment 1,600,000.00 800,000.00 Allowance for doubtful accounts 73,700.00 67,000.00 Building 7,500,000.00 5,500,000.00 Cash 821,480.001 887.410.00 Cooking equipment 3,500,000.00 3,500,000.00 Cost of goods sold 22,744,988.00 21,201,730.00 Depreciation expense - building 150,000.00 110,000.00 Depreciation expense - office equipment 720,000.00 700,000.00 Depreciation expense - store equipment 800,000.00 800,000.00 Dividends payable Doubtful accounts 6,700.00 67,000.00 Finished goods inventory 1,374,912.00 1,354,320.00 Freight-out 2,144,700.00 1.949.700.00 Income tax expense 2,891,080.00 2,545,940.00 Income tax payable 2,889,580.00 2,544,740.00 Insurance expense of goods sold in transit 428,940.00 389.940.00 Interest expense 96,000.00 60,000.00 Interest income 100,000.00 20,000.00 Land 7,000,000.00 4,000,000.00 Loss due to fire 500,000.00 0.00 Notes payable, due on December 31, 2020 800,000.00 500,000.00 Office equipment 3,600,000.00 3,500,000.00 Office supplies 17,870.001 16,250.00 Office supplies expense 214,470.00 194.970.00 Ordinary share capital, P5 par 5,000,000.00 7,500,000.00 Prepaid insurance 71,490.000 64,990.00 Raw materials inventory 954,800.00 940,500.00 Rental income 240,000.00 210,000.00 Retained Earnings 5,140,530.00 0.00 Salaries and wages of admin employees 3,217,050.00 2,924,550.00 Salaries and wages of sales agents 2.144,700.00 1.949.700.00 Salaries payable 223,400.00 203,100.00 Sales 44,220,000.00 140,200,000.00 Sales discounts 442,200.000 402,000.00 Sales returns and allowances 884,400.00 804,000.00 Share Premium - Ordinary 750,000.00 1,151,700.00 Share Premium - Preference 825,000.00 870,000.00 Store equipment 4,000,000.00 4,000,000.00 Store supplies 35,740.00 32,500.00 Store supplies expense 428,930.00 389,940.00 Subscribed ordinary share capital 1,000,000.00 1,500,000.00 Subscribed preference share capital 500,000.00 1,160,000.00 Subscription receivable - Ordinary 800,000.00 1,200,000.00 Subscription receivable - Preference 300,000.00 696,000.00 Treasury Shares at cost, ordinary 80,000.00 120,000.00 Treasury Shares at cost, preference 60,500.00 63,800.00 Work in process inventory 1,145,760.00 1,128,600.00 Totals 72,761,710.00 72,761.710.0064,843,840.00 64,843,840.00 Additional information: 1. Inventories as of January 1 2019 2018 Raw materials inventory 940,500.00 570,000.00 Work in process inventory 1,128,600.00 820,000.00 Finished goods inventory 1,354,320.00 1,250,000.00 2. Cost of Goods Sold related expenses Purchases Freight-in Purchase returns and allowances Direct Labor Factory Overhead (including the depreciation expense for the cooking equipment) 2019 2018 9,548,000.00 9,405,000.00 477,400.00 470,250.00 190,960.00 188,100.00 5,892,100.00 5,590,000.00 17,070,500.00 6,708,000.00 3. shares are cumulative and non- Preference participating. Dividends was declared last December 25, 2018 and paid last January 20, 2019. 800,000.00 Dividends was declared last December 28, 2019 and will be paid on February 1, 2020. 1,000,000.00 Provide the schedule for the dividend allocation