D Better You Fitness Center Balance Sheet F G H J K M N O Assets Bank Account 2020 2021 2022 $ 81,696 $ 147,907 $ 260,409 Accounts Receivable 41,300 65,667 74,340 Gym Equipment Total Assets Liabilities Accounts Payable Current Loans Due Long Term Equipment Total Liabilities Retained Earnings Net Worth 15,095 8,000 9,000 Merchandise Inventory 40,000 55,000 60,000 $ 178,091 $ 276,574 $ 403,749 $ 18,134 $ 16,244 $ 18,213 26,000 174,000 26,000 26,000 148,000 122,000 $ 218,134 $ 190,244 $ 166,213 (40,043) 86,330 237,536 $ 178,091 $ 276,574 $ 403,749 1. Examine the pie chart on this worksheet. a. Describe what changes should be made to this chart to make it more useful. b. Implement the changes you describe above. + a. Describe the error that was made when creating the chart and what this error affects when interpreting the chart. Cost of Saims 2. Carefully examine the Assets chart on this worksheet 3 Merchandise Inventory Total Assets Liabilities Accounts Payable Current Loans Due D F G H K 40,000 $178,091 $ 55,000 L M N 60,000 D P 0 R S 276,574 $ 403,749 $ 18,134 26,000 $ 16,244 $ 26,000 18,213 26,000 4 Long Term Equipment 174,000 148,000 122,000 5 Total Liabilities $ 218,134 $ 190,244 $ 166,213 6 Retained Earnings (40,043) 86,330 237,536 7 Net Worth $178,091 $ 276,574 $ 403,749 S 19 1. Examine the pie chart on this worksheet. 20 21 a. Describe what changes should be made to this chart to make it more useful. b. Implement the changes you describe above. 22 23 24 25 26 27 28 + 29 2. Carefully examine the Assets chart on this worksheet 30 a. Describe the error that was made when creating the chart and what this error affects when interpreting the chart. Cost of Sales Payroll Advertising Education & Training insurance 31 32 33 Better You Fitness Center Assets 34 $900,000 35 $800,000 37 $700,000 38 39 $600,000 40 41 $500,000 42 43 Balance Income Membership Edit Charts Summary 2. Carefully examine the Assets chart on this worksheet a. Describe the error that was made when creating the chart and what this error affects when interpreting the chart. Membership Edit Charts Summary Calculate Balance Income Be Accaccibilite Investigate $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 S Q R S T U V Y AA Cost of Sales Payroll Advertising Education & Training Insurance Rent Repairs & Maintenance Better You Fitness Center Assets 2020 2021 3022 Bank Account Accounts Receivable Gym Equipment Merchand neInventory Total Ausers