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E1.15 (LO 5) Presented below is financial information related to the 2025 operations of Delgado Cruises SA. Instructions Prepare the 2025 income statement and comprehensive

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E1.15 (LO 5) Presented below is financial information related to the 2025 operations of Delgado Cruises SA. Instructions Prepare the 2025 income statement and comprehensive income statement for Delgado Cruises SA. P1.2 (LO 4, 5) Ai Fang Co. opened as a new computer services business on tumst 1 , the following transactions occurred. 1. Shareholders invested Y20,000 cash in the business in exchange for or inary shares, 2. Purchased equipment for $2,000, paying Y1,000 in cash and the balarre sn account. 3. Paid y 600 cash for August office rent. 4. Purchased Y500 of supplies on account. 5. Recognized revenue of 7,500, of which Y4,000 is collected in cash wit the balance to be collecy later. 6. Paid for the supplies purchased in transaction (4). 7. Declared and paid 7700 dividend. 8. Incurred utility expenses for the month on account 270. 9. Paid salaries of Y2,800 for August. 10. Received Y2,000 from Standard Bank-money borrowed on a note payable, Instructions a. Prepare a tabular analysis of the August transactions. The column headings should be as follom: Cash + Accounts Receivable + Supplies + Equipment = Notes Payable + Accounts Payable + Shate Capital-Ordinary + Revenues - Expenses - Dividends. b. Prepare an income statement and a retained earnings statement for August, and a statement of financial position at August 31, 2025, for Ai Fang Co. P1.3 (LO 5) On May 1, 2025, Park Flying School Ltd., a company that provides flying lessons, was stanted with an investment of $45,000 cash in the business. Following are the assets and liabilities of the company on May 31,2025, and the revenues and expenses for the month of May (all amounts in thousands). No additional investments were made in May, but the company paid dividends of w480,000 during the month

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