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Requirement number 3: prepare the amazing company balance sheet for december 31, 2019. Format Paint 93 Merge & Center Formatting Table Styles Styles X f

Requirement number 3: prepare the amazing company balance sheet for december 31, 2019. image text in transcribed
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Format Paint 93 Merge & Center Formatting Table Styles Styles X f Office Equipment D Cash receipt from issuance of 8,000 shares of common stock Requirements: (See sheet tabs at bottom. Use each sheet for the following requirements.) Use Excel Skills in completing these requirements. You must use formulas and functions, cell references, and professional formatting 1. Prepare the Amazing Company multi-step income statement for the year ended December 31, 2019. Include the EPS at the bottom. Also include a vertical analysis column at the right and perform a vertical analysis of the income statement. (Use percentage format with 2 decimal places.) 2. Prepare the Amazing Company balance sheet for December 31, 2019. Include a vertical analysis column at the right and perform a vertical analysis of the balance sheet. (Use the percentage format with 2 decimal places.) 3. Prepare the Amazing Company statement of cash flows for the year ended December 31, 2019. Use the indirect method and the format in your textbook. 4. Complete the analysis of the financial statements as directed on the Analysis sheet 5. Complete the analys of the investment options between this company and EBUY (ratios given). Also use the chart from the attached article, and any other source to analyze the impact of using GAAP vs. IFRS> Write short response (15-30 sentences) on your analysis. 2. Wrap Text Merge & Center - B IV . 0.A. $ . % %848 Format Painter Painter pboard Conditional Formatas Formatting Table Styles - Style fr Office Equipment AMAZING COMPANY Adjusted Trial Balance 12/31/2019 Account Title $ 2019 Adjusted Trial Balance Debit Credit 170,000 55,000 29.000 53,000 59,000 24,000 12.200 1,200 2018 Post-Closing Trial Balance Debit Credit 125,600 35,000 15,600 47,000 21,000 16,000 12.800 1,300 15,500 10,000 160,000 28,600 10,000 Cash Accounts Receivable Inventory Office Equipment Machinery & Tools Accumulated Depreciation Accounts Payable Salaries Payable Sales Tax Payable Note Payable-Long Term Common Stock, S10 par Retained Earnings Dividends Sales Revenue Cost of Goods Sold Rent Expense Salaries Expense Insurance Expense Legal Fees Depreciation Expense Interest Expense 33.000 240,000 28.600 10,000 240.000 114,200 20,000 48,000 11,800 9,200 8,000 1.800 589,000 $ $ 589,000 $ 244, 200 244,200 Balance Sheet Stmt of Cash Flows Analysis Instructions Income Statement Stock Investment Analysis AMAZING COMPANY Statement of Cash Flows Year Ended December 31, 2019 4 Cash Flows from Operating Activities: 5 Net income 6 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activites: 7 Depreciation Expense 8 Increase in Accounts receivable 9 Decrease in Merchandise Inventory 10 Decrease in Accounts Payable $ 8,000 20,000 13,400 600

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