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kindly do the income statement within 30 mins The ledger of Corcord PropertiesLimited cont ained the following account balances at December 31,2021 , the end
kindly do the income statement within 30 mins
The ledger of Corcord PropertiesLimited cont ained the following account balances at December 31,2021 , the end of company's fiscalyear. Additional Data: 1. St ore Equipment is being depreciated @20\% under straight line method, 0ffice Equipment is being depreciated @30\% under reducing balance method. 2. Supplies actually on hand is $800. 3. Physical check on December 31,2018 reveals that inventory actually on hand is $109,500. 4. The accountant has forgot to record the issue of 1,000 common share @ $6 each on December 21,2021. 5. 20% cash Dividend has been declared on the cammon stock. 6. The company is under 35% tax bracketStep by Step Solution
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