Rework the financial statements included in the book examples so that the amount of revenue is 8,000 per year regardless of the method (like the SL financial statement presentation.) Produce the 3 sets of financial statements, side-by-side if possible, to enable a good comparison of the methods.

EXHIBIT 6.4 Financial Statements under Double-Declining-Balance Depreciation DRYDEN ENTERPRISES Financial Statements 2018 2019 2020 2021 Income Statements $ 3,000 Rent revenue Depreciation expense Net Income $15,000 (12,000) $ 3.000 $ 9,000 16.000 $3,000 $ 5.000 12,000N $ 3.000 0 $ 3.000 Balance Sheets Assets Cash Van $16.000 24,000 (12,000) $28,000 $25,000 24,000 (18,000) $31,000 $30,000 24,000 120,000 $34,000 $33,000 24,000 (20,000) $37,000 Accumulated depreciation Total assets Stockholders' equity Common stock Retained earnings Total stockholders' equity $25,000 3,000 $28.000 $25,000 6,000 $31,000 $25,000 9,000 $34,000 $25,000 12,000 $37,000 Statements of Cash Flows $15,000 $9,000 $5,000 $3,000 (24,000) Operating Activities Inflow from customers Investing Activities Outflow to purchase van Financing Activities Inflow from stock Issue Net Change in Cash Beginning cash balance Ending cash balance 25,000 16,000 9,000 16,000 $25,000 5,000 25,000 $30,000 3,000 30,000 $33,000 $16,000 EXHIBIT 6.5 Financial Statements under Units-of-Production Depreciation DRYDEN ENTERPRISES Financial Statements 2018 2019 2020 2021 Rent revenue Depreciation expense Net Income Income Statements $11,000 $ 7,000 18,000) 4,000) $ 3,000 $ 3.000 $9.000 16,000) $ 3,000 $ 5,000 2,000) $ 3,000 Balance Sheets Assets Cash Van $12,000 24,000 18,000) $28,000 $19,000 24,000 (12,000) $31,000 $28,000 24,000 (18,000) $34,000 $33,000 24,000 (20,000) $37.000 Accumulated depreciation Total assets Stockholders' equity Common stock Retained earnings Total stockholders' equity $25,000 3,000 $28,000 $25,000 6,000 $31.000 $25,000 9,000 $34,000 $25,000 12,000 $37,000 Statements of Cash Flows $11,000 $9,000 $5,000 (24.000) Operating Activities Inflow from customers Investing Activities Outflow to purchase van Financing Activities Inflow from stock issue Net Change in Cash Beginning cash balance Ending cash balance 25,000 12,000 19.000 $12.000 $28.000 $33,000 Alone EXHIBIT 6.4 Financial Statements under Double-Declining-Balance Depreciation DRYDEN ENTERPRISES Financial Statements 2018 2019 2020 2021 Income Statements $ 3,000 Rent revenue Depreciation expense Net Income $15,000 (12,000) $ 3.000 $ 9,000 16.000 $3,000 $ 5.000 12,000N $ 3.000 0 $ 3.000 Balance Sheets Assets Cash Van $16.000 24,000 (12,000) $28,000 $25,000 24,000 (18,000) $31,000 $30,000 24,000 120,000 $34,000 $33,000 24,000 (20,000) $37,000 Accumulated depreciation Total assets Stockholders' equity Common stock Retained earnings Total stockholders' equity $25,000 3,000 $28.000 $25,000 6,000 $31,000 $25,000 9,000 $34,000 $25,000 12,000 $37,000 Statements of Cash Flows $15,000 $9,000 $5,000 $3,000 (24,000) Operating Activities Inflow from customers Investing Activities Outflow to purchase van Financing Activities Inflow from stock Issue Net Change in Cash Beginning cash balance Ending cash balance 25,000 16,000 9,000 16,000 $25,000 5,000 25,000 $30,000 3,000 30,000 $33,000 $16,000 EXHIBIT 6.5 Financial Statements under Units-of-Production Depreciation DRYDEN ENTERPRISES Financial Statements 2018 2019 2020 2021 Rent revenue Depreciation expense Net Income Income Statements $11,000 $ 7,000 18,000) 4,000) $ 3,000 $ 3.000 $9.000 16,000) $ 3,000 $ 5,000 2,000) $ 3,000 Balance Sheets Assets Cash Van $12,000 24,000 18,000) $28,000 $19,000 24,000 (12,000) $31,000 $28,000 24,000 (18,000) $34,000 $33,000 24,000 (20,000) $37.000 Accumulated depreciation Total assets Stockholders' equity Common stock Retained earnings Total stockholders' equity $25,000 3,000 $28,000 $25,000 6,000 $31.000 $25,000 9,000 $34,000 $25,000 12,000 $37,000 Statements of Cash Flows $11,000 $9,000 $5,000 (24.000) Operating Activities Inflow from customers Investing Activities Outflow to purchase van Financing Activities Inflow from stock issue Net Change in Cash Beginning cash balance Ending cash balance 25,000 12,000 19.000 $12.000 $28.000 $33,000 Alone