Mr Nam is an accountant and working for a multinational company. At the end of 2019, he had a savings account and stock investment worth 500 mil VND for each. He also purchased a car of 1.2 bil VND and an apartment of 1.8 bil VND. One-third of the cars and the apartments value was financed by the bank borrowing, which bears an interest rate of 8% annually. In 2020, he could earn a disposable income of 35 mil VND per month. He spent 5 mil VND for food, 2 mil VND for entertainment, 3 mil VND for health care, 2 mil VND for other expenses every month. At the end of 2020, he repaid 60 mil VND for the car loan and 80 mil VND for the apartment loan to reduce the interest payment in the following years (i.e., Nam paid the interest of 2020 prior to the debt payment).

1.1.Prepare Mr Nams income statement for 2020

1.2.Prepare Mr Nams cashflow statement for 2020

1.3.Prepare Mr Nams balance sheet at the end of 2020