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Q2. With information provided below, calculate the missing values of the financial statement items in question. Show all calculations and include $50 Revenues Cost of
Q2. With information provided below, calculate the missing values of the financial statement items in question. Show all calculations and include $50 Revenues Cost of Sales Distribution costs Trade Receivables Deferred Tax Labilities Cash Administrative Expenses Finance costs (paid) Current Portion of long-term debt Share Capital Prepaid Expenses $1,000 $500 $25 $100 $300 $10 $100 $100 $25 $500 $25 Trade Payables Trade Receivables $20 Income Tax Expense $100 Long-term debt $500 Plant and Equipment $1,500 Goodwill $30 Inventory $200 Total Assets $1,785 Total Equity: Gross Profit: Profit: Non-Current Assets: Current Assets: Retained Earnings: Total Non-current Liabilities: Total Current Liabilities: no salvage
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