Hello John, I need this assignment by Monday morning, if you need additional time let me know, I can extend it one more day, if you wish, it is a easier than the previous ones, and less time consuming.

Analysis Case 2 Name: Section: Enter the appropriate amount or item in the text boxes or shaded cells. Quantacc Ltd. Schedule to Reconcile IFRS Net Income and Stockholders' Equity to U.S. GAAP 2013 Income under IFRS $100,000 Adjustments: 1. Add: 2. Add: 3. Add: Income under U.S. GAAP $100,000 Dec. 31 2013 Stockholders' equity under IFRS $1,000,000 Adjustments: Subtract: *enter as a negative number 1. Add: Subtract: *enter as a negative number 2 Add: Subtract: *enter as a negative number 3 Add: Stockholders' equity under U.S. GAAP Explanation for adjustments: To Income: 1. To Equity: To Income: 2. To Equity: To Income: 3. To Equity: $1,000,000 ANALYSIS CASE 2RECONCILIATION OF IFRS TO U.S. GAAP Quantacc Ltd. began operations on January 1, 2011, and uses IFRS to prepare its consolidated financial statements. Although not required to do so, to facilitate comparisons with companies in the United States, Quantacc reconciles its net income and stockholders' equity to U.S. GAAP. Information relevant for preparing this reconciliation is as follows: 1. Quantacc carries fixed assets at revalued amounts. Fixed assets were revalued upward on January 1, 2013, by $35,000. At that time, fixed assets had a remaining useful life of 10 years. 2. On January 1, 2012, Quantacc realized a gain on the sale and leaseback of an office building in the amount of $200,000. The lease is classified as an operating lease and has a term of 20 years. 3. Quantacc capitalized development costs related to a new pharmaceutical product in 2012 in the amount of $80,000. Quantacc began selling the new product on January 1, 2013, and expects the product to be marketable for a total of 5 years. Net income under IFRS in 2013 is $100,000 and stockholders' equity under IFRS at December 31, 2013, is $1,000,000. Required a. Prepare a schedule to reconcile Quantacc's 2013 net income and December 31, 2013, stockholders' equity under IFRS to U.S. GAAP. b. Provide a brief title/description for each reconciling adjustment made, indicate the dollar amount of the adjustment, and calculate total amounts for net income and stockholders' equity under U.S. GAAP