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Please help po! Consider the following data of I CAN MAKE IT CORPORATION for the years ended December 31, 2020 and 2019 (the amounts were

Please help po!

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Consider the following data of I CAN MAKE IT CORPORATION for the years ended December 31, 2020 and 2019 (the amounts were already adjusted). 2020 2019 Accounts Payable 164,000 190,000 Accounts Receivable, Net 120,000 100,000 Advertising Expense 145,000 100,000 Buildings, Net 625,000 675,000 Cash 79,000 42,000 Cost of Goods Sold 1,523,000 1,222,000 Depreciation Expense 85,000 75,000 Income before Taxes 141,000 57,000 Insurance Expense 100,000 45,000 Interest Expense 44,000 46,000 Land 100,000 100,000 Merchandise Inventory 250,000 265,000 Miscellaneous Expense 17,000 15,000 Notes Payable (secured) 400,000 420,000 Notes Payable- Trade 75,000 90,000 Office Equipment, Net 45,000 50,000 Office Salaries Expense 165,000 200,000 Ordinary Share, P10 par value 475,000 475,000 Provision for Income Taxes 47,000 19,000 Retained Earnings 544,000 491,000 Sales 2,486,000 2,075,000 Sales Salaries Expense 240,000 280,000 Short-term Investments 65,000 96,000 Store Equipment, Net 400,000 350,000 Supplies Expense 26,000 35,000 Taxes Payable 26,000 12,000 Additional data at end of 2020: I CAN MAKE IT CORPORATION declared dividend and paid for year 2020 at P1.20 per share. Likewise, the market value of shares at December 31, 2020 was P12 per share. Required: Prepare the following (in comparative format): 1. Statement of Financial Performance 2. Statement of Financial Position using Report Form 3. Statement of Cash Flows using Indirect Method

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