Elite Diagnostics Limited, with registered office in Kingston Jamaica, commenced operations in August 2013 and listed its shares on the Jamaica Junior Stock Exchange in 2018. The company's General Ledger account balances for the financial years ending June 30, 2020 and 2021 are presented in the following table (Smillion) 2021 2020 Cash & Equivalents $64.00 $39.20 Company Income Tax $0.00 $0.00 Current Portion LT Debts $61.20 $15.10 Depreciation Expense $102.10 $88.20 Accumulated Depreciation - Eqpt & Technology $294.70 $224.20 Eqpt & Technology - Cost/Valuation $744.60 $663.40 FE, Fees & Licence Expenses $18.50 $12.90 Interest Expense $20.90 $20.70 Accumulated Depreciation - Land, Building, F&F $86.00 $54.40 Land, Building, F&F - Cost/Valuation $223.50 $218.40 Long-Term Liabilities $147.70 $207.80 Other Expenses $50.60 $43.30 Payables & Accruals $29.80 $7.80 Prepayments $7.20 $6.60 Receivables $41.80 $41.50 Retained Earnings $112.80 $110.90 Revenue $506.90 $439.80 Share Capital $348.90 $348.90 Staff Costs $88.20 $67.10 Supplies & Materials Expense $178.60 $161.50 Utilities Expense $46.10 $37.60 ASSIGNMENT 1. Prepare a Balance Sheet for each year 2. Prepare an Income Statement for each year 3. Prepare a detailed Source & Use of Funds Statement for 2021 4. What is the cash generated by the company in each year 5. Comment on the Financial performance and status of Elite ...END............ 30 marks 30 marks 15 marks 10 marks 15 marks Elite Diagnostics Limited, with registered office in Kingston Jamaica, commenced operations in August 2013 and listed its shares on the Jamaica Junior Stock Exchange in 2018. The company's General Ledger account balances for the financial years ending June 30, 2020 and 2021 are presented in the following table (Smillion) 2021 2020 Cash & Equivalents $64.00 $39.20 Company Income Tax $0.00 $0.00 Current Portion LT Debts $61.20 $15.10 Depreciation Expense $102.10 $88.20 Accumulated Depreciation - Eqpt & Technology $294.70 $224.20 Eqpt & Technology - Cost/Valuation $744.60 $663.40 FE, Fees & Licence Expenses $18.50 $12.90 Interest Expense $20.90 $20.70 Accumulated Depreciation - Land, Building, F&F $86.00 $54.40 Land, Building, F&F - Cost/Valuation $223.50 $218.40 Long-Term Liabilities $147.70 $207.80 Other Expenses $50.60 $43.30 Payables & Accruals $29.80 $7.80 Prepayments $7.20 $6.60 Receivables $41.80 $41.50 Retained Earnings $112.80 $110.90 Revenue $506.90 $439.80 Share Capital $348.90 $348.90 Staff Costs $88.20 $67.10 Supplies & Materials Expense $178.60 $161.50 Utilities Expense $46.10 $37.60 ASSIGNMENT 1. Prepare a Balance Sheet for each year 2. Prepare an Income Statement for each year 3. Prepare a detailed Source & Use of Funds Statement for 2021 4. What is the cash generated by the company in each year 5. Comment on the Financial performance and status of Elite ...END............ 30 marks 30 marks 15 marks 10 marks 15 marks
