Part B - First Group Action - Select your point of view and groups - Submit to Assignment folder named FSA Groups Work" due by Wednesday, April 21". Each group will be working through the three years of Milavec Financial Statements provided in this group project assignment sheet from one of 3 perspectives or point of view (POV) 1) Investors considering investing $100,000, who will purchase Preferred Stock, 6%, $100 par 2) Lenders considering loaning $100,000 for a 10-year term at 8% interest 3) Internal Management tasked with increasing profits over 3 years by 5% (Please note: your book and Power Points do not included year 5 Milavec results. Please be sure to take Year 5 results into consideration for your group work, group analysis, and final submissions.) There will be a group selection process and a POV selection process facilitated by the Groups feature in D2L. Use the Group feature in D2L to select your group. Once your group is determined, then select your POV. Once your group is formed and your POV is selected, work together to share your initial individual observations. Then considering your group's POV, develop 3 or 4 additional observations to share about Milavec Company that will help others understand Milavec and will help your group formulate an opinion about Milavec that will help you draw a conclusion. Submit your group name, group members, selected POV, and your group's initial observations about Milavec. Year 3 800,000 Milavec Company Income Statement and Statement of Retained Earnings For the Years Ending Year 5 Year 4 Sales $ 1,600,000 $ 900,000 $ Cost of Goods Sold Beginning Inventory $ 70,000 $ 43,000 $ Purchases $ 1,078,000 $ 637,000 $ Goods available for sale $ 1,148,000 $ 680,000 $ Ending Inventory S 60,000 $ 70,000 $ Cost of Goods Sold $ 1,088,000 $ 610,000 $ Gross Margin $ 512,000 $ 290,000 $ Operating Expenses $ 480,000 $ 248,000 $ Income before taxes $ 32,000 $ 42,000 $ Income taxes $ 12,800 $ 17,000 $ Net Income $ 19,200 $ 25,000 $ Plus: Beg bal Retained Earnings $ 162,000 $ 197,000 $ Less: Dividends 6,000 5 $ Ending Balance Retained Earnings $ 175,200 $ 162,000 $ 40,000 483,000 523,000 43,000 480,000 320,000 280,000 40,000 18,000 22.000 130,000 15,000 137,000 Milavec Company Balance Sheet As of December 31 Year 5 Year 4 Year 3 Assets Cash Marketable Securities Notes Receivable Accounts Receivable Merchandise Inventory Prepaid Expenses Property Plant and Equipment (net) Total Assets $ 36,200 $ 20,000 $ S 65,000 $ 60,000 $ S 340.000 521,200 $ 20,000 $ 20,000 $ 4,000 $ 50,000 $ 70,000 $ 4,000 $ 340,000 $ 508,000 $ 17,000 22,000 3,000 56,000 43,000 4,000 310,000 455,000 $ $ $ Liabilities and Stockholder's Equity Accounts Payable Salaries Payable Taxes Payable $ Bonds Payable, 3% $ Preferred Stock, 6%, $100 par, cumulative S Common Stock. Sio par $ Retained Earnings 5 Total abilities and Stockholders' Equity $ 40,000 $ 2,000 $ 4,000 $ 100,000 $ 50,000 $ 150,000 $ 175,200 $ 521,200 $ 40,000 $ 2,000 $ 4,000 $ 100,000 $ 50,000 $ 150,000 $ 162,000 $ 508,000 $ 38,000 3,000 2,000 100,000 50,000 125.000 137,000 455,000 Part B - First Group Action - Select your point of view and groups - Submit to Assignment folder named FSA Groups Work" due by Wednesday, April 21". Each group will be working through the three years of Milavec Financial Statements provided in this group project assignment sheet from one of 3 perspectives or point of view (POV) 1) Investors considering investing $100,000, who will purchase Preferred Stock, 6%, $100 par 2) Lenders considering loaning $100,000 for a 10-year term at 8% interest 3) Internal Management tasked with increasing profits over 3 years by 5% (Please note: your book and Power Points do not included year 5 Milavec results. Please be sure to take Year 5 results into consideration for your group work, group analysis, and final submissions.) There will be a group selection process and a POV selection process facilitated by the Groups feature in D2L. Use the Group feature in D2L to select your group. Once your group is determined, then select your POV. Once your group is formed and your POV is selected, work together to share your initial individual observations. Then considering your group's POV, develop 3 or 4 additional observations to share about Milavec Company that will help others understand Milavec and will help your group formulate an opinion about Milavec that will help you draw a conclusion. Submit your group name, group members, selected POV, and your group's initial observations about Milavec. Year 3 800,000 Milavec Company Income Statement and Statement of Retained Earnings For the Years Ending Year 5 Year 4 Sales $ 1,600,000 $ 900,000 $ Cost of Goods Sold Beginning Inventory $ 70,000 $ 43,000 $ Purchases $ 1,078,000 $ 637,000 $ Goods available for sale $ 1,148,000 $ 680,000 $ Ending Inventory S 60,000 $ 70,000 $ Cost of Goods Sold $ 1,088,000 $ 610,000 $ Gross Margin $ 512,000 $ 290,000 $ Operating Expenses $ 480,000 $ 248,000 $ Income before taxes $ 32,000 $ 42,000 $ Income taxes $ 12,800 $ 17,000 $ Net Income $ 19,200 $ 25,000 $ Plus: Beg bal Retained Earnings $ 162,000 $ 197,000 $ Less: Dividends 6,000 5 $ Ending Balance Retained Earnings $ 175,200 $ 162,000 $ 40,000 483,000 523,000 43,000 480,000 320,000 280,000 40,000 18,000 22.000 130,000 15,000 137,000 Milavec Company Balance Sheet As of December 31 Year 5 Year 4 Year 3 Assets Cash Marketable Securities Notes Receivable Accounts Receivable Merchandise Inventory Prepaid Expenses Property Plant and Equipment (net) Total Assets $ 36,200 $ 20,000 $ S 65,000 $ 60,000 $ S 340.000 521,200 $ 20,000 $ 20,000 $ 4,000 $ 50,000 $ 70,000 $ 4,000 $ 340,000 $ 508,000 $ 17,000 22,000 3,000 56,000 43,000 4,000 310,000 455,000 $ $ $ Liabilities and Stockholder's Equity Accounts Payable Salaries Payable Taxes Payable $ Bonds Payable, 3% $ Preferred Stock, 6%, $100 par, cumulative S Common Stock. Sio par $ Retained Earnings 5 Total abilities and Stockholders' Equity $ 40,000 $ 2,000 $ 4,000 $ 100,000 $ 50,000 $ 150,000 $ 175,200 $ 521,200 $ 40,000 $ 2,000 $ 4,000 $ 100,000 $ 50,000 $ 150,000 $ 162,000 $ 508,000 $ 38,000 3,000 2,000 100,000 50,000 125.000 137,000 455,000