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NOTE: PLEASE DO NOT PROVIDE EXCEL ANSWER! NO EXCEL! Q3) GIVEN THE FOLLOWING INFORMATION (YEAR END 2020) ABOUT PLUTO INCOPORTATION. MAKE ITS . INCOME STATEMENT

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NOTE: PLEASE DO NOT PROVIDE EXCEL ANSWER! NO EXCEL!

Q3) GIVEN THE FOLLOWING INFORMATION (YEAR END 2020) ABOUT PLUTO INCOPORTATION. MAKE ITS . INCOME STATEMENT (2020) STATEMENT OF RETAINED EARNINGS (2020) STATEMENT OF OWNERS EQUITY (2020) BALANCE SHEET (2020) CALCULATE AND INTERPRET GROSS PROFIT MARGIN (2020) CALCULATE AND INTERPRET (DERECIATION/AMORTIZATION) /DEPRCIABLE ASSETS (2020) . 3 2160 2160 INSTALLMENT NOTES PAYABLE BONDS PAYABLE OPERATING LEASE 7560 2700 540 1620 108,000 BEGRE 75,600 DIVIDENDS EXPENSE 21,600 DRAWINGS 32,400 BEG DE 5,400 COMMON STOCK 2,700 TREASURY STOCK 10,800 SALES PURCHASES BEG INVENTORY ENDING INVENTORY RENT EXP REPAIR AND MENTAINANCE EXP DEPRECIATION EXP (BUILDING AND EQUIPMENT) INSURANCE EXPENSE AMORTIZATION EXP INTEREST EXP 10,800 1620 1080 1,296 PREFERED STOCK 1,080 PAID UP CAPITAL IN EXCESS 756 CURRENT ASSETS 1620 21,600 16200 43,200 864 NWC BUILDING AND 1,620 EQUIPMENT,NET 756 COPY RIGHTS, NET 16% LONG TERM INVESTEMENTS DIVIDEND INCOME INTEREST INCOME TAX EXP LOSS DUE TO SALE OF FA 15120 17280 1,080 LONG TERM DEBT 41,429

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