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How is net income calculated? How are total non current assets calculated and total assets? I'm not getting the same numbers as what was provided

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How is net income calculated?

image text in transcribed

How are total non current assets calculated and total assets? I'm not getting the same numbers as what was provided when I use formulas

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Can you show how to calculate all fields in yellow? I need the formulas please.

INCOME STATEMENT Amount In $ Amount in $ $1,700,000.00 -$700,000.00 $1,000,000.00 Sales Revenue COGS Gross Profit Operating Expenses Wages Supplies Advertisement Rent Maintenance Prepaid Insurance Depreciation Profit on Investment Intrest on Note Payable Intrest on Mortgage $370,000.00 $110,000.00 $35,000.00 $42,000.00 $52,000.00 $609,000.00 -$4,440.00 -$143,000.00 $7,000.00 -$5,500.00 $96,000.00 Net Income BALANCE SHEET Amount in $ Amount in $ Amount in $ Assets Current Assets Cash Accounts Receivable Inventory Supplies Prepaid Insurance Prepaid Advertisement $84,000.00 $688,000.00 $320,000.00 $40,000.00 $29,600.00 $25,000.00 $1,186,600.00 Total Current Assets Non current assets Longterm Investment Machinenery & Equipment Accumulated Depriciation Total Non-Current Assets $180,000.00 $1,430,000.00 $572,000.00 $858,000.00 Total Assets Working Notes Beginning Balance Cash Sales Accounts Receivables Long Term Investments Common Stock Cash Accounts $245,000.00 Salaries $350,000.00 Accounts Payable $850,000.00 Advertisement $37,000.00 Rent $120,000.00 Maintenance Dividend Long Term Insurance $400,000.00 $870,000.00 $60,000.00 $36,000.00 $52,000.00 $50,000.00 $50,000.00 Ending Balance $1,602,000.00 $850,000.00 Beginning Balance Credi Sales Accounts Receivables $188,000.00 Cash Received $1,350,000.00 Ending Balance $1,538,000.00 $688,000.00 Cash Paid Accounts Payable $870,000.00 Beginning Balance Credit Purchases $220,000.00 $820,000.00 Ending Balance $1,040,000.00

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