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I was wondering if you can help me with this accounting problem? I need to create a Statement of Financial Position using the following account
I was wondering if you can help me with this accounting problem?
I need to create a Statement of Financial Position using the following account information for the year 2015.
Account Name | Balance | |
Income tax Expense | $ | 600,000 |
Decrease in porperty valulation | 35,000 | |
Current Assets | 6,500,000 | |
Cost of Sales | 7,500,000 | |
Distribuiton Costs | 900,000 | |
Common Shares Issued | 895,000 | |
Finance Costs | 90,000 | |
Stock Option Compenstation | 40,000 | |
Profit before Taxes | 1,750,000 | |
Retained Earnings(endof year) | 5,000,000 | |
Dividends Paid | 150,000 | |
Other Income | 40,000 | |
Gross Profit | 3,500,000 | |
Share Captial (end of year) | 3,395,000 | |
Contributed surplus (beginnning of year) | 60,000 | |
Non-Current Liablilities | 5,000,000 | |
Change in Currenc yTranslation(income) | 40,000 | |
Retained Earnings(beginning of year) | 4,000,000 | |
Administrative Expenses | 800,000 | |
Total Liabilities | 8,000,000 | |
Total Assets | 16,500,000 |
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