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kindly do the income statement for this quickly The ledger of New Hope Limited contained the following accourt balarces at December 31,2021 , the end
kindly do the income statement for this quickly
The ledger of New Hope Limited contained the following accourt balarces at December 31,2021 , the end of compary's fibcal year. Additional Data: 1. A 20% Cashdividend has been dec bred on the commonstock 2. De prec ation @25\% is to be charged on office Equipment under reducing-bahnce method. However for the Furniture stiaight line method is used where deprec ation is chaged @15\%. 3. The prepaid irsurance nas paid for 1 years onseptember 1,2021. 4. The physical ine ntorycheck keveals that Merhcand ise Inentory actuely at land is $155,000. 5. The company is under 35.5% tax braclet. 6. The inte rest accrued on the Bond has not been paid yetStep by Step Solution
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