Hannibal Lechter AS has prepared its profit and loss budget and balance sheet budget for next year as shown below.

Depreciation machine	1 450 000
Depreciation inventory	630 000
Record new LG	55 000
Sales tax paid	585 100
Value added tax	25 %
All accounts payable are related to the item purchase
The company has not received an invoice for the accrued operating costs and the amounts are therefore excl. VAT. VAT.

1. Hannibal Lechter AS is very much wondering what the liquidity budget for next year will be like. You must therefore help the company with this and set up a liquidity budget according to a direct three-part method where interest is included as an operational activity. The following additionalinformation is available:

2. After new research, Hannibal Lechter AS has found that the retail prices of their goods are most likely to be 10% higher than in the preliminary budget. How will this affect the company's profit and loss, balance sheet and liquidity budget. Only the changes should be entered. Assume that all sales tax related to the increase is paid in the same year. (10 poeng).

Result budget Income Cost of coods Maple Depreciation Miscellaneous operating costs Earnings Interest income Rentekostnader Profit before tax Tax Net income 16 000 000 -9 280 000 -1 920 000 -2 080 000 -1 120 000 1 600 000 80 000 -192 000 1 488 000 -327 360 1 160 640 balance budget Machinery Inventory Sum fixed assets Stock of goods Prepaid salary Accounts receivable Bank Sum Current assets Total Assets Incomin g balance 15 520 000 10 250 000 25 770 000 2 980 000 335 000 1 485 000 1 560 000 6 360 000 32 130 000 Outgoing Balance 17 936 200 9 331 000 27 267 200 2 621 400 412 000 1 589 000 1 385 000 6 007 400 33 274 600 Share capital Capital surplus Other equity Sum equity Long-term liabilities Total Long-term liabilities overdrafts accounts payable Tax payable Accrued operating costs debt pay Dividend Miscellaneous current liabilities Total Current Liabilities Total Liabilities Total Capital surplus /Liabilities Incoming balance 2 350 000 1 875 000 8 230 000 12 455 000 17 039 600 17 039 600 230 000 971 000 523 400 89 000 187 000 200 000 435 000 2 635 400 19 675 000 32 130 000 Outgoing Balance 2 550 000 2 125 000 9 140 640 13 815 640 16 714 600 16 714 600 185 000 1 314 000 327 360 48 000 152 000 250 000 468 000 2 744 360 19 458 960 33 274 600 Result budget Income Cost of coods Maple Depreciation Miscellaneous operating costs Earnings Interest income Rentekostnader Profit before tax Tax Net income 16 000 000 -9 280 000 -1 920 000 -2 080 000 -1 120 000 1 600 000 80 000 -192 000 1 488 000 -327 360 1 160 640 balance budget Machinery Inventory Sum fixed assets Stock of goods Prepaid salary Accounts receivable Bank Sum Current assets Total Assets Incomin g balance 15 520 000 10 250 000 25 770 000 2 980 000 335 000 1 485 000 1 560 000 6 360 000 32 130 000 Outgoing Balance 17 936 200 9 331 000 27 267 200 2 621 400 412 000 1 589 000 1 385 000 6 007 400 33 274 600 Share capital Capital surplus Other equity Sum equity Long-term liabilities Total Long-term liabilities overdrafts accounts payable Tax payable Accrued operating costs debt pay Dividend Miscellaneous current liabilities Total Current Liabilities Total Liabilities Total Capital surplus /Liabilities Incoming balance 2 350 000 1 875 000 8 230 000 12 455 000 17 039 600 17 039 600 230 000 971 000 523 400 89 000 187 000 200 000 435 000 2 635 400 19 675 000 32 130 000 Outgoing Balance 2 550 000 2 125 000 9 140 640 13 815 640 16 714 600 16 714 600 185 000 1 314 000 327 360 48 000 152 000 250 000 468 000 2 744 360 19 458 960 33 274 600