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Rework this financial statement to show $8000 of revenue per year using the other two depreciation methods. Produce the 3 methods side-by-side to enable a
Rework this financial statement to show $8000 of revenue per year using the other two depreciation methods. Produce the 3 methods side-by-side to enable a good comparison.
al Statements EXHIBIT 6.3 Financial Statements under Straight-Line Depreciation DRYDEN ENTERPRISES Financial Statements 2020 2021 2018 2019 Income Statements $ 8.000 $ 8.000 (5,000) (5,000) $ 3,000 $ 3,000 Rent revenue Depreciation expense Net Income $ 8.000 (5,000) $3,000 $8.000 (5,000) $ 3.000 Balance Sheets Assets Cash Van Accumulated depreciation Total assets Stockholders' equity Common stock Retained earnings Total stockholders' equity $9.000 24,000 (5,000) $28.000 $17.000 24,000 (10,000) $31.000 $25.000 24,000 (15,000) $34.000 $33.000 24,000 (20.000) $37.000 $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 $ 8.000 $8,000 .000 $ 8.000 Operating Activities Inflow from customers Investing Activities Outflow to purchase van Financing Activities Inflow rostock Issue Net Change in Cash 24.000) 25.000 9.000 Endas 8,000 17 000 $25.000 9.00 8000 25,000 $33.000 14 .40 I need help with this desperately!!
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