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please answer this question as soon as possible it's a question of making a financial statement. The Trial Balance of Miami FC Limited, a merchandising
please answer this question as soon as possible it's a question of making a financial statement.
The Trial Balance of Miami FC Limited, a merchandising company which sells sports accessories, contained the following accounts at December 31,2022, the end of the company's financial year. Additional Information: - \$78,000 cash dividend was declared during the year. - The company is under 10% tax bracket. - The interest on the notes payable has not been paid yet. - $3,000 of supplies have been used during the year. - Depreciation on the delivery van is to be charged on a reducing-balance basis at 12%. - Physical check on December 31, 2022 reveals that inventory actually on hand is $45,700. Instructions: Prepare a multiple step income statement for the year ended December 31, 2022, a statement of stockholders' equity for the year ended December 31,2022 and a classified balance sheet as at December 31,2022 for Miami FC LimitedStep by Step Solution
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