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Please answer all questions. Thank you very much!! Heading V. PROBLEM SOLVING Directions: Given the following accounts, prepare a statement of financial position and statement

Please answer all questions. Thank you very much!!image text in transcribed

Heading V. PROBLEM SOLVING Directions: Given the following accounts, prepare a statement of financial position and statement of comprehensive income for MAKAKAPASA KA Company for 2020. 51-65. Statement of Financial Position - 15 points 66-75. Statement of Comprehensive Income - 10 points - + ACCOUNTS Bonds Payable Cash Accounts Payable Equipment Selling and Marketing Expenses Supplies Net Sales Merchandise Inventory ALIX, Capital General and Administrative Expenses Income Tax Cost of Goods Sold Accounts Receivables VALUE (in Pesos) 50% of Accounts Payable 1,000,000 2,000,000 3,000,000 1,430,000 700,000 5,000,000 2,000,000 4,000,000 1,570,000 40% 2,800,000 30% of Cash

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