roject seenario prepare the ompnyncials for the vear end u Additionaly he pay eher to the dat below and use the Final Project Worbook ther ncludes e nping statement and casw statement tocomplete the finai project and ciatedmestones Peyton Approved Financial Data: Preliminary Financial Statements have atready been prepaed203 Project wWorkbook) Fnal adjusting entries have not yet been made See table for ossible stet ndicate what wll be reconded at 12/31/7 scal year end) Use the following to complere ye and hotes for managing deprecation, inventory and long term debt 1 A supplier shipped 53,000 of ingredients on 12/29/17, Peyton receives an voice for the ods well as a bill for freight for $175, all dated 12/29/17 Goods were shipped F08 suppliers warehous At 12/3/7,Peyton has $200 worth of merchandise on at Sruno's House of Baco 3 On 12/23/17,Peyton received $1,000 deposit from Pet Giobe for product to be shipped by Peston the second week of January On 12/03/2017, a miver with a cost of $2,000, accumulated depreciation forklift As of 12/23/17, insurance destruction $1.200,was destroyed by has agreed to pay $700 in January 2018, for accidenta 5, Note about later borrowing . financials w? show loan from parents repaid and use bank financing. The company is planning to open another location in 2018. Prepare pro forma financials for 2018 for the new location the folowing information Cost of leasing commercial space: S1.500 per month. Cost of new equipment: $15.000, purchased with a long-term note. Use straight line depreciation assuming a seven-year life, no residual value Use full year's depreciation for the first year Cost of hiring and training new employees: three at $25,000 each for the first year Ecept is noted below, assets, current liabilities, sales, costs, and expenses are expected to be 80%of the eisting store (from preliminary statements) except no stock. Retained earnings s net income h$7.000 Accounts receivable amount to 40 turns (accounts receivable turmover will be 4.0) smount to show 30 urns linventory turmover will be 3.01 No stock ill be issued Retained earnings are to unet ncome Additional financing of $5,000 will be long-term. Add remaining amount needed to balance nt Analysis Memo, consider the following roject seenario prepare the ompnyncials for the vear end u Additionaly he pay eher to the dat below and use the Final Project Worbook ther ncludes e nping statement and casw statement tocomplete the finai project and ciatedmestones Peyton Approved Financial Data: Preliminary Financial Statements have atready been prepaed203 Project wWorkbook) Fnal adjusting entries have not yet been made See table for ossible stet ndicate what wll be reconded at 12/31/7 scal year end) Use the following to complere ye and hotes for managing deprecation, inventory and long term debt 1 A supplier shipped 53,000 of ingredients on 12/29/17, Peyton receives an voice for the ods well as a bill for freight for $175, all dated 12/29/17 Goods were shipped F08 suppliers warehous At 12/3/7,Peyton has $200 worth of merchandise on at Sruno's House of Baco 3 On 12/23/17,Peyton received $1,000 deposit from Pet Giobe for product to be shipped by Peston the second week of January On 12/03/2017, a miver with a cost of $2,000, accumulated depreciation forklift As of 12/23/17, insurance destruction $1.200,was destroyed by has agreed to pay $700 in January 2018, for accidenta 5, Note about later borrowing . financials w? show loan from parents repaid and use bank financing. The company is planning to open another location in 2018. Prepare pro forma financials for 2018 for the new location the folowing information Cost of leasing commercial space: S1.500 per month. Cost of new equipment: $15.000, purchased with a long-term note. Use straight line depreciation assuming a seven-year life, no residual value Use full year's depreciation for the first year Cost of hiring and training new employees: three at $25,000 each for the first year Ecept is noted below, assets, current liabilities, sales, costs, and expenses are expected to be 80%of the eisting store (from preliminary statements) except no stock. Retained earnings s net income h$7.000 Accounts receivable amount to 40 turns (accounts receivable turmover will be 4.0) smount to show 30 urns linventory turmover will be 3.01 No stock ill be issued Retained earnings are to unet ncome Additional financing of $5,000 will be long-term. Add remaining amount needed to balance nt Analysis Memo, consider the following