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Paragraph Styles 4 The following is a list of accounts from Halton Clay Works 2020 income statement as at December 31st. Halton Clay produces a

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Paragraph Styles 4 The following is a list of accounts from Halton Clay Works 2020 income statement as at December 31st. Halton Clay produces a variety of plant pots, garden figures and serving dishes. These products are manufactured at their plant in Campbellsville, Ontario. Arrange the accounts in the company's income statement format using appropriate headings and using calculations for the totals as appropriate. Remember this is to be a formal Income Statement Raw materials $129,000 Sales Returns $11,500 Rent $2,000 Bank Interest Expense $3,500 Packaging & Delivery of finished product $21,000 Depreciation $4,000 Gross Sales Revenue $252 500 General Administration Expenses $500 Income Taxes $9.750 Advertising & Promotion Exponses $2,000 Management Salaries $31.000 a O es 8 P. 2. Use the word phrase bank below to best match you can use one word phrase more than once Efficiency goal potential to expand Controller internal financial focus manager decisions on fund allocation WACC communication between superiors & subordinates and across departments liability balance between financing through debt and financing through equity manager productive use of resources ROI external financial focus Opportunity cost the potential to lose assets 1 controller efficiency goal ROI treasurer WACC liquidity goal prosperity goal opportunity cost equity risk manager reason to budget stability goal asset liability net income the State Antuneet search o ma a

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