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refer below narratives: 1 You are the financial analyst and preparer of MLBB and Valore Company's financial statement as of December 31, 2019. 2 Layla,
refer below narratives: 1 You are the financial analyst and preparer of MLBB and Valore Company's financial statement as of December 31, 2019. 2 Layla, the Accounting Manager, has provided you the trial balance as of December 31, 2019 and 2018. She also provided the chart of accounts including its subclassication of each line item in the financial statements. 3 Granger, your assistant, failed to submit to you the journal entries as of December 31, 2019 and claimed that there were nothing to worry about since all the balances in the trial balance are automatically generated in the system. 4 Mino, your company IT expert has reassured you that there were no system failures during 2019. However, he claims that a significant error was found during 2018 in the salaries and wages accounts. 5 Given that the industry is a construction company, employee turnover changes drastically depending on the demand of the existing projects. 6 Aldog, the internal auditor provided you the necessary entries that was erronously recorded in 2018. Refer below Journal Entry: 510000 Salaries and Wages 202000 Accrued Payroll 5,398,466.00 5,398,466.00 7 Lancelot, the Accounting supervisor prepared the necessary adjustments during the year 2019. Refer to Adjustment tab. 8 As instructed by Layla, please prepare the Statement of Financial Position, Statement of Comprehensive Income, Statement of Changes in Equity and Statement of Cash Flows. 9 Deadline is on 12NN, May 13, 2022, send it via email. Stictly follow the format/template
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