Please complete F0, F1, and rest of them

	Apollo Shoes, Inc.				F-0
	AUDIT PLANLiabilities
	FYE 12/31/2020
	Materiality for Testing = $126,373 (Listing Scope)	Workpaper Reference	Related Assertion (s)	Performed by	Comments
1	Agree current year amounts on liabilities lead schedule to trial balance.
2	Agree prior year amounts to prior year audited financial statements.
3	Foot liabilities lead schedule.
4	Obtain debt confirmations from banks (standard bank confirmation).
a	Review the bank confirmation for loans and collateral.
5	Obtain a listing of all accounts payable as of year end.
6	Foot aged accounts payable schedule.
7	Agree aged accounts payable schedule to lead sheet and trial balance.
8	Review the aged accounts payable schedule for unusual or related party items.
9	Conduct a search for unrecorded liabilities by examining open vouchers, vendors' invoices and statements received, and cash payments made for a period after year-end.
10	Inquire about terms that justify classifying payables as long-term instead of current.
11	Inquire of management about any capital lease agreements entered into during the year.
12	Review agreements/contracts for leases to ensure that they are appropriately classified.
13	Agree lease amounts to the lead sheet and trial balance.
14	Foot the long-term debt amortization table.
15	Agree long-term debt to the lead sheet and trial balance.
16	Review long-term debt agreements/contracts for future minimum required debt payments that should be disclosed.
17	Review debt contracts for restrictive debt covenants which should be disclosed in the footnotes.		Presentation and Disclosure		PER DW - Still waiting on this.

Please calculate the interest expense

Please write what you think after testing the liabilities about Apollo

Instructions Email Memos A-1 PBC \begin{tabular}{|c|c|c|c|} \hline & Apollo Shoes, Inc & PBC & \\ \hline & reclosing Trial Balance (Audited) & A-1 & \\ \hline & 31-Dec-19 & & \\ \hline Account ID & Account Description & Debit & Credit \\ \hline 10100 & Cash on Hand & $1,987.28 & \\ \hline 10200 & Regular Checking Account & $198,116.52 & \\ \hline 10300 & Payroll Checking Account & $0.00 & \\ \hline 10400 & Savings Account & $3,044,958.13 & \\ \hline 11000 & Accounts Receivable & $16,410,902.71 & \\ \hline 11500 & Allowance for Doubtful Accounts & & $1,262,819.88 \\ \hline 12000 & Inventory - Spotlight & $18,825,205.24 & \\ \hline 12300 & Reserve for Inventory Obsolescenc & & $3,012,000.00 \\ \hline 14100 & Prepaid Insurance & $743,314.38 & \\ \hline 14200 & Prepaid Rent & $200,000.00 & \\ \hline 14300 & Office Supplies & $7,406.82 & \\ \hline 14400 & Notes Receivable-Current & & \\ \hline 14700 & Other Current Assets & & \\ \hline 15000 & Land & $117,000.00 & \\ \hline 15100 & Buildings and Land Improvements & $623,905.92 & \\ \hline 15200 & Machinery, Equipment, Office Furn & $433,217.10 & \\ \hline 17000 & Accum. Depreciation & & $164,000.00 \\ \hline 19000 & Investments & $572,691.08 & \\ \hline 19900 & Other Noncurrent Assets & $53,840.59 & \\ \hline 20000 & Accounts Payable & & $4,633,118.09 \\ \hline 23100 & Sales Tax Payable & & $0.00 \\ \hline 23200 & Wages Payable & & $29,470.32 \\ \hline 23300 & FICA Employee Withholding & & $1,318.69 \\ \hline 23350 & Medicare Withholding & & $583.99 \\ \hline 23400 & Federal Payroll Taxes Payable & & $6,033.01 \\ \hline 23500 & FUTA Tax Payable & & \\ \hline 23600 & State Payroll Taxes Payable & & $2,815.47 \\ \hline 23700 & SUTA Tax Payable & & \\ \hline 23800 & FICA Employer Withholding & & $1,318.69 \\ \hline 23900 & Medicare Employer Withholding & & $583.99 \\ \hline 24100 & Line of Credit & & $10,000,000.00 \\ \hline 24200 & Current Portion Long-Term Debt & & \\ \hline 24700 & Other Current Liabilities & & \\ \hline 27000 & Notes Payable-Noncurrent & & \\ \hline 39003 & Common Stock & & $8,105,000.00 \\ \hline 39004 & Paid-in Capital & & $7,423,000.00 \\ \hline 39005 & Retained Earnings & & $2,219,120.65 \\ \hline 40000 & Sales & & $246,172,918.44 \\ \hline 41000 & Sales Returns & $4,497,583.20 & \\ \hline 42000 & Warranty Expense & $1,100,281.48 & \\ \hline 45000 & Income from Investments & & $0.00 \\ \hline 46000 & Interest Income & & $204,302.81 \\ \hline 50010 & Cost of Goods Sold & $141,569,221.61 & \\ \hline 57500 & Freight & $4,302,951.46 & \\ \hline 60000 & Advertising Expense & $897,140.01 & \\ \hline 61000 & Auto Expenses & $208,974.39 & \\ \hline 62000 & Research and Development & $31,212,334.17 & \\ \hline 64000 & Depreciation Expense & $133,000.00 & \\ \hline 64500 & Warehouse Salaries & $4,633,383.82 & \\ \hline 65000 & Property Tax Expense & $80,495.32 & \\ \hline 66000 & Legal and Professional Expense & $3,605,133.96 & \\ \hline 67000 & Bad Debt Expense & $1,622,425.99 & \\ \hline 68000 & Insurance Expense & $853,942.65 & \\ \hline 70000 & Maintenance Expense & $61,136.04 & \\ \hline 70100 & Utilities & $135,642.99 & \\ \hline 70110 & Phone & $76,373.78 & \\ \hline 70120 & Postal & $128,033.21 & \\ \hline 71000 & Miscellaneous Office Expense & $17,023.27 & \\ \hline 72000 & Payroll Tax Exp & $1,550,989.06 & \\ \hline 73000 & Pension/Profit-Sharing Plan Ex & $3,000,000.00 & \\ \hline 74000 & Rent or Lease Expense & $2,603,485.87 & \\ \hline 77500 & Administrative Wages Expense & $16,875,305.98 & \\ \hline 78000 & Interest Expense & $875,000.00 & \\ \hline 78500 & Income Tax Expense - Federal & $2,365,000.00 & \\ \hline 78510 & Income Tax Expense - State & $429,000.00 & \\ \hline \multirow[t]{2}{*}{80000} & Loss on Legal Settlement & $19,172,000.00 & \\ \hline & & $283,238,404.03 & $283,238,404.03 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & Apollo Shoes, Inc & PBC & \\ \hline & Preclosing Trial Balance & A-2 & \\ \hline & 31-Dec-20 & & \\ \hline Account ID & Account Description & Debit Amt & Credit Amt \\ \hline 10100 & Cash on Hand & $2,275.23 & \\ \hline 10200 & Regular Checking Account & $557,125.92 & \\ \hline 10300 & Payroll Checking Account & & \\ \hline 10400 & Savings Account & $3,645,599.15 & \\ \hline 11000 & Accounts Receivable & $51,515,259.98 & \\ \hline 11400 & Other Receivables & $1,250,000.00 & \\ \hline 11500 & Allowance for Doubtful Accounts & & $1,239,009.75 \\ \hline 12000 & Inventory & $67,724,527.50 & \\ \hline 12300 & Reserve for Inventory Obsolescence & & $846,000.00 \\ \hline 14100 & Prepaid Insurance & $3,424,213.78 & \\ \hline 14200 & Prepaid Rent & & \\ \hline 14300 & Office Supplies & $8,540.00 & \\ \hline 14400 & Notes Receivable-Current & & \\ \hline 14700 & Other Current Assets & & \\ \hline 15000 & Land & $117,000.00 & \\ \hline 15100 & Buildings and Land Improvements & $674,313.92 & \\ \hline 15200 & Machinery, Equipment, Office Furniture & $2,929,097.13 & \\ \hline 17000 & Accum. Depreciation & & $610,000.00 \\ \hline 19000 & Investments & $1,998,780.39 & \\ \hline 19900 & Other Noncurrent Assets & $53,840.59 & \\ \hline 20000 & Accounts Payable & & $1,922,095.91 \\ \hline 23100 & Sales Tax Payable & & \\ \hline 23200 & Wages Payable & & \\ \hline 23300 & FICA Employee Withholding & & $8,439.65 \\ \hline 23350 & Medicare Withholding & & $11,414.99 \\ \hline 23400 & Federal Payroll Taxes Payable & & $118,086.12 \\ \hline 23500 & FUTA Tax Payable & & \\ \hline 23600 & State Payroll Taxes Payable & & $55,106.86 \\ \hline 23700 & SUTA Tax Payable & & \\ \hline 23800 & FICA Employer Withholding & & $8,439.65 \\ \hline 23900 & Medicare Employer Withholding & & $11,414.99 \\ \hline 24100 & Line of Credit & & $44,403,000.00 \\ \hline 24200 & Current Portion Long-Term Debt & & \\ \hline 24700 & Other Current Liabilities & & \\ \hline 27000 & Notes Payable-Noncurrent & & $12,000,000.00 \\ \hline 39003 & Common Stock & & $8,105,000.00 \\ \hline 39004 & Paid-in Capital & & $7,423,000.00 \\ \hline 39005 & Retained Earnings & & $6,590,483.64 \\ \hline 40000 & Sales - Spotlight & & $242,713,452.88 \\ \hline 41000 & Sales Returns & $11,100,220.89 & \\ \hline 42000 & Warranty Expense & $1,158,128.47 & \\ \hline 45000 & Income from Investments & & $1,426,089.31 \\ \hline 46000 & Interest Income & & $131,881.46 \\ \hline 47000 & Miscellaneous Income & & $2,166,000.00 \\ \hline 50010 & Cost of Goods Sold & $130,196,645.26 & \\ \hline 57500 & Freight & $4,240,263.09 & \\ \hline 60000 & Advertising Expense & $1,036,854.01 & \\ \hline 61000 & Auto Expenses & $210,502.80 & \\ \hline 62000 & Research and Development & $528,870.44 & \\ \hline 64000 & Depreciation Expense & $446,000.00 & \\ \hline 64500 & Warehouse Salaries & $4,720,715.56 & \\ \hline 65000 & Property Tax Expense & $99,332.45 & \\ \hline 66000 & Legal and Professional Expense & $4,913,224.45 & \\ \hline 67000 & Bad Debt Expense & & \\ \hline 68000 & Insurance Expense & $36,106.92 & \\ \hline 70000 & Maintenance Expense & $35,502.87 & \\ \hline 70100 & Utilities & $137,332.18 & \\ \hline 70110 & Phone & $52,599.02 & \\ \hline 70120 & Postal & $77,803.61 & \\ \hline 71000 & Miscellaneous Office Expense & $24,891.82 & \\ \hline 72000 & Payroll Tax Exp & $1,577,811.85 & \\ \hline 73000 & Pension/Profit-Sharing Plan Ex & $3,630,375.80 & \\ \hline 78600 & Controllers' Clearning Account & & $330,375.80 \\ \hline 74000 & Rent or Lease Expense & $1,206,574.00 & \\ \hline 77500 & Administrative Wages Expense & $16,197,225.43 & \\ \hline 78000 & Interest Expense & $2,591,736.50 & \\ \hline 78500 & Income Tax Expense - Federal & $8,900,000.00 & \\ \hline 78510 & Income Tax Expense - State & $3,100,000.00 & \\ \hline \end{tabular} Subject: My conclusion to liabilities testing Darlene, TELL DARLENE WHETHER YOU THINK (BASED ON YOUR TESTING AND PROFESSIONAL JUDGEMENT) LIABILITIES IS COMPLETE. Instructions Email Memos A-1 PBC \begin{tabular}{|c|c|c|c|} \hline & Apollo Shoes, Inc & PBC & \\ \hline & reclosing Trial Balance (Audited) & A-1 & \\ \hline & 31-Dec-19 & & \\ \hline Account ID & Account Description & Debit & Credit \\ \hline 10100 & Cash on Hand & $1,987.28 & \\ \hline 10200 & Regular Checking Account & $198,116.52 & \\ \hline 10300 & Payroll Checking Account & $0.00 & \\ \hline 10400 & Savings Account & $3,044,958.13 & \\ \hline 11000 & Accounts Receivable & $16,410,902.71 & \\ \hline 11500 & Allowance for Doubtful Accounts & & $1,262,819.88 \\ \hline 12000 & Inventory - Spotlight & $18,825,205.24 & \\ \hline 12300 & Reserve for Inventory Obsolescenc & & $3,012,000.00 \\ \hline 14100 & Prepaid Insurance & $743,314.38 & \\ \hline 14200 & Prepaid Rent & $200,000.00 & \\ \hline 14300 & Office Supplies & $7,406.82 & \\ \hline 14400 & Notes Receivable-Current & & \\ \hline 14700 & Other Current Assets & & \\ \hline 15000 & Land & $117,000.00 & \\ \hline 15100 & Buildings and Land Improvements & $623,905.92 & \\ \hline 15200 & Machinery, Equipment, Office Furn & $433,217.10 & \\ \hline 17000 & Accum. Depreciation & & $164,000.00 \\ \hline 19000 & Investments & $572,691.08 & \\ \hline 19900 & Other Noncurrent Assets & $53,840.59 & \\ \hline 20000 & Accounts Payable & & $4,633,118.09 \\ \hline 23100 & Sales Tax Payable & & $0.00 \\ \hline 23200 & Wages Payable & & $29,470.32 \\ \hline 23300 & FICA Employee Withholding & & $1,318.69 \\ \hline 23350 & Medicare Withholding & & $583.99 \\ \hline 23400 & Federal Payroll Taxes Payable & & $6,033.01 \\ \hline 23500 & FUTA Tax Payable & & \\ \hline 23600 & State Payroll Taxes Payable & & $2,815.47 \\ \hline 23700 & SUTA Tax Payable & & \\ \hline 23800 & FICA Employer Withholding & & $1,318.69 \\ \hline 23900 & Medicare Employer Withholding & & $583.99 \\ \hline 24100 & Line of Credit & & $10,000,000.00 \\ \hline 24200 & Current Portion Long-Term Debt & & \\ \hline 24700 & Other Current Liabilities & & \\ \hline 27000 & Notes Payable-Noncurrent & & \\ \hline 39003 & Common Stock & & $8,105,000.00 \\ \hline 39004 & Paid-in Capital & & $7,423,000.00 \\ \hline 39005 & Retained Earnings & & $2,219,120.65 \\ \hline 40000 & Sales & & $246,172,918.44 \\ \hline 41000 & Sales Returns & $4,497,583.20 & \\ \hline 42000 & Warranty Expense & $1,100,281.48 & \\ \hline 45000 & Income from Investments & & $0.00 \\ \hline 46000 & Interest Income & & $204,302.81 \\ \hline 50010 & Cost of Goods Sold & $141,569,221.61 & \\ \hline 57500 & Freight & $4,302,951.46 & \\ \hline 60000 & Advertising Expense & $897,140.01 & \\ \hline 61000 & Auto Expenses & $208,974.39 & \\ \hline 62000 & Research and Development & $31,212,334.17 & \\ \hline 64000 & Depreciation Expense & $133,000.00 & \\ \hline 64500 & Warehouse Salaries & $4,633,383.82 & \\ \hline 65000 & Property Tax Expense & $80,495.32 & \\ \hline 66000 & Legal and Professional Expense & $3,605,133.96 & \\ \hline 67000 & Bad Debt Expense & $1,622,425.99 & \\ \hline 68000 & Insurance Expense & $853,942.65 & \\ \hline 70000 & Maintenance Expense & $61,136.04 & \\ \hline 70100 & Utilities & $135,642.99 & \\ \hline 70110 & Phone & $76,373.78 & \\ \hline 70120 & Postal & $128,033.21 & \\ \hline 71000 & Miscellaneous Office Expense & $17,023.27 & \\ \hline 72000 & Payroll Tax Exp & $1,550,989.06 & \\ \hline 73000 & Pension/Profit-Sharing Plan Ex & $3,000,000.00 & \\ \hline 74000 & Rent or Lease Expense & $2,603,485.87 & \\ \hline 77500 & Administrative Wages Expense & $16,875,305.98 & \\ \hline 78000 & Interest Expense & $875,000.00 & \\ \hline 78500 & Income Tax Expense - Federal & $2,365,000.00 & \\ \hline 78510 & Income Tax Expense - State & $429,000.00 & \\ \hline \multirow[t]{2}{*}{80000} & Loss on Legal Settlement & $19,172,000.00 & \\ \hline & & $283,238,404.03 & $283,238,404.03 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & Apollo Shoes, Inc & PBC & \\ \hline & Preclosing Trial Balance & A-2 & \\ \hline & 31-Dec-20 & & \\ \hline Account ID & Account Description & Debit Amt & Credit Amt \\ \hline 10100 & Cash on Hand & $2,275.23 & \\ \hline 10200 & Regular Checking Account & $557,125.92 & \\ \hline 10300 & Payroll Checking Account & & \\ \hline 10400 & Savings Account & $3,645,599.15 & \\ \hline 11000 & Accounts Receivable & $51,515,259.98 & \\ \hline 11400 & Other Receivables & $1,250,000.00 & \\ \hline 11500 & Allowance for Doubtful Accounts & & $1,239,009.75 \\ \hline 12000 & Inventory & $67,724,527.50 & \\ \hline 12300 & Reserve for Inventory Obsolescence & & $846,000.00 \\ \hline 14100 & Prepaid Insurance & $3,424,213.78 & \\ \hline 14200 & Prepaid Rent & & \\ \hline 14300 & Office Supplies & $8,540.00 & \\ \hline 14400 & Notes Receivable-Current & & \\ \hline 14700 & Other Current Assets & & \\ \hline 15000 & Land & $117,000.00 & \\ \hline 15100 & Buildings and Land Improvements & $674,313.92 & \\ \hline 15200 & Machinery, Equipment, Office Furniture & $2,929,097.13 & \\ \hline 17000 & Accum. Depreciation & & $610,000.00 \\ \hline 19000 & Investments & $1,998,780.39 & \\ \hline 19900 & Other Noncurrent Assets & $53,840.59 & \\ \hline 20000 & Accounts Payable & & $1,922,095.91 \\ \hline 23100 & Sales Tax Payable & & \\ \hline 23200 & Wages Payable & & \\ \hline 23300 & FICA Employee Withholding & & $8,439.65 \\ \hline 23350 & Medicare Withholding & & $11,414.99 \\ \hline 23400 & Federal Payroll Taxes Payable & & $118,086.12 \\ \hline 23500 & FUTA Tax Payable & & \\ \hline 23600 & State Payroll Taxes Payable & & $55,106.86 \\ \hline 23700 & SUTA Tax Payable & & \\ \hline 23800 & FICA Employer Withholding & & $8,439.65 \\ \hline 23900 & Medicare Employer Withholding & & $11,414.99 \\ \hline 24100 & Line of Credit & & $44,403,000.00 \\ \hline 24200 & Current Portion Long-Term Debt & & \\ \hline 24700 & Other Current Liabilities & & \\ \hline 27000 & Notes Payable-Noncurrent & & $12,000,000.00 \\ \hline 39003 & Common Stock & & $8,105,000.00 \\ \hline 39004 & Paid-in Capital & & $7,423,000.00 \\ \hline 39005 & Retained Earnings & & $6,590,483.64 \\ \hline 40000 & Sales - Spotlight & & $242,713,452.88 \\ \hline 41000 & Sales Returns & $11,100,220.89 & \\ \hline 42000 & Warranty Expense & $1,158,128.47 & \\ \hline 45000 & Income from Investments & & $1,426,089.31 \\ \hline 46000 & Interest Income & & $131,881.46 \\ \hline 47000 & Miscellaneous Income & & $2,166,000.00 \\ \hline 50010 & Cost of Goods Sold & $130,196,645.26 & \\ \hline 57500 & Freight & $4,240,263.09 & \\ \hline 60000 & Advertising Expense & $1,036,854.01 & \\ \hline 61000 & Auto Expenses & $210,502.80 & \\ \hline 62000 & Research and Development & $528,870.44 & \\ \hline 64000 & Depreciation Expense & $446,000.00 & \\ \hline 64500 & Warehouse Salaries & $4,720,715.56 & \\ \hline 65000 & Property Tax Expense & $99,332.45 & \\ \hline 66000 & Legal and Professional Expense & $4,913,224.45 & \\ \hline 67000 & Bad Debt Expense & & \\ \hline 68000 & Insurance Expense & $36,106.92 & \\ \hline 70000 & Maintenance Expense & $35,502.87 & \\ \hline 70100 & Utilities & $137,332.18 & \\ \hline 70110 & Phone & $52,599.02 & \\ \hline 70120 & Postal & $77,803.61 & \\ \hline 71000 & Miscellaneous Office Expense & $24,891.82 & \\ \hline 72000 & Payroll Tax Exp & $1,577,811.85 & \\ \hline 73000 & Pension/Profit-Sharing Plan Ex & $3,630,375.80 & \\ \hline 78600 & Controllers' Clearning Account & & $330,375.80 \\ \hline 74000 & Rent or Lease Expense & $1,206,574.00 & \\ \hline 77500 & Administrative Wages Expense & $16,197,225.43 & \\ \hline 78000 & Interest Expense & $2,591,736.50 & \\ \hline 78500 & Income Tax Expense - Federal & $8,900,000.00 & \\ \hline 78510 & Income Tax Expense - State & $3,100,000.00 & \\ \hline \end{tabular} Subject: My conclusion to liabilities testing Darlene, TELL DARLENE WHETHER YOU THINK (BASED ON YOUR TESTING AND PROFESSIONAL JUDGEMENT) LIABILITIES IS COMPLETE