I got a copy of Apollo's 2017 year-end trial balance (attached) from Sam Carboy, Apollo's Controller. I also got a copy of last year's 2016 audited pre-closing trial balance from Karina. I've attached copies of both to this e-mail and also posted them to the AOW intranet where you can also download them. I received it a week after he promised it to me, so apparently it wasn't as clean a year-end close as he expected. I want you to put the numbers into three spreadsheets (one for the comparative (i.e., two-year) balance sheet (A-1), one for the comparative income statement (A- 2), and one for the comparative statement of cash flows (4-3)). I know that everyone has a particular style of audit documentation formatting, but my preference is for the following columns for the income statement and balance sheet: # Acct Acct Title W/P Ref Last year's (Audited) (unaudited) Current Adjustments Current Year Dr. Cr. Year (Audited) Preclosing Trial Balance 31-Dec-17 Account ID Account Description Debit Amt Credit Amt 10100 Cash on Hand 10200 Regular Checking Account $2,275.23 $557,125.92 10300 Payroll Checking Account 10400 Savings Account $3,645,599.15 11000 Accounts Receivable $51,515,259.98 11400 Other Receivables $1,250,000.00 11500 Allowance for Doubtful Accounts $1,239,009.75 12000 Inventory $67,724,527.50 12300 Reserve for Inventory Obsolescence $846,000.00 14100 Prepaid Insurance $3,424,213.78 14200 Prepaid Rent 14300 Office Supplies $8,540.00 14400 Notes Receivable-Current 14700 Other Current Assets 15000 Land $117,000.00 15100 Buildings and Land Improvements $674,313.92 15200 Machinery, Equipment, Office Furniture $2,929,097.13 17000 Accum. Depreciation $609,500.00 19000 Investments $1,998,780.39 19900 Other Noncurrent Assets $53,840.59 20000 Accounts Payable $1,922,095.91 23100 Sales Tax Payable 23200 Wages Payable 23300 FICA Employee Withholding 23350 Medicare Withholding 23400 Federal Payroll Taxes Payable $8,439.65 $11,414.99 $118,086.12 23350 Medicare Withholding $11,414.99 23400 23500 Federal Payroll Taxes Payable FUTA Tax Payable $118,086.12 23600 State Payroll Taxes Payable $55,106.86 23700 SUTA Tax Payable 23800 FICA Employer Withholding 23900 Medicare Employer Withholding 24100 Line of Credit $8,439.65 $11,414.99 $44,403,000.00 24200 Current Portion Long-Term Debt 24700 Other Current Liabilities 27000 Notes Payable-Noncurrent 39003 Common Stock $12,000,000.00 $8,105,000.00 39004 Paid-in Capital 39005 Retained Earnings $7,423,000.00 $6,590,983.64 40000 Sales - Spotlight 41000 Sales Returns 42000 Warranty Expense 45000 Income from Investments $11,100,220.89 $1,158,128.47 $242,713,452.88 $1,426,089.31 46000 Interest Income 47000 Miscellaneous Income $131,881.46 $2,166,000.00 50010 Cost of Goods Sold $130,196,645.26 Preclosing Trial Balance (Audited) 31-Dec-16 Account ID Account Description Debit Credit 10100 Cash on Hand 10200 Regular Checking Account 10300 Payroll Checking Account $1,987.28 $198,116.52 $0.00 10400 Savings Account $3,044,958.13 11000 Accounts Receivable $16,410,902.71 11500 Allowance for Doubtful Accounts $1,262,819.88 12000 Inventory Spotlight $18,825,205.24 12300 Reserve for Inventory Obsolescence $3,012,000.00 14100 Prepaid Insurance $743,314.38 14200 Prepaid Rent $200,000.00 14300 Office Supplies $7,406.82 14400 Notes Receivable-Current 14700 Other Current Assets 15000 Land $117,000.00 15100 Buildings and Land Improvements $623,905.92 Machinery, Equipment, Office 15200 Furniture $433,217.10 17000 Accum. Depreciation $163,500.00 19000 Investments $572,691.08 19900 Other Noncurrent Assets $53,840.59 20000 Accounts Payable $4,633,118.09 23100 Sales Tax Payable $0.00 23200 Wages Payable $29,470.32 23300 FICA Employee Withholding 23350 Medicare Withholding 23400 Federal Payroll Taxes Payable $1,318.69 $583.99 $6,033.01 23400 Federal Payroll Taxes Payable 23500 FUTA Tax Payable 23600 State Payroll Taxes Payable 23700 SUTA Tax Payable 23800 FICA Employer Withholding 23900 Medicare Employer Withholding 24100 Line of Credit 24200 Current Portion Long-Term Debt 24700 Other Current Liabilities 27000 Notes Payable-Noncurrent 39003 Common Stock 39004 Paid-in Capital 39005 Retained Earnings 40000 Sales $6,033.01 $2,815.47 $1,318.69 $583.99 $10,000,000.00 $8,105,000.00 $7,423,000.00 $2,219,620.65 $246,172,918.44 41000 Sales Returns $4,497,583.20 $1,100,281.48 42000 Warranty Expense 45000 Income from Investments $0.00 46000 Interest Income $204,302.81 50010 Cost of Goods Sold $141,569,221.61 57500 Freight 60000 Advertising Expense $4,302,951.46 $897,140.01 61000 Auto Expenses $208,974.39 62000 Research and Development $31,212,334.17 64000 Depreciation Expense 64500 Warehouse Salaries $133,000.00 $4,633,383.82 65000 Property Tax Expense $80,495.32 66000 Legal and Professional Expense $3,605,133.96 67000 Bad Debt Expense $1,622,425.99 68000 Insurance Expense $853,942.65 70000 Maintenance Expense $61,136.04 70100 Utilities $135,642.99 70110 Phone $76,373.78 70120 Postal $128,033.21 71000 Miscellaneous Office Expense $17,023.27 72000 Payroll Tax Exp $1,550,989.06 73000 Pension/Profit-Sharing Plan Ex $3,000,000.00 74000 Rent or Lease Expense $2,603,485.87 77500 Administrative Wages Expense $16,875,305.98 78000 Interest Expense $875,000.00 78500 Income Tax Expense - Federal $2,365,000.00 78510 Income Tax Expense - State $429,000.00 80000 Loss on Legal Settlement. $19,172,000.00 $283,238,404.03 $283,238,404.03