STEPHI Case study (mandatory) At the beginning of the year, the STEPHI Company, with 1,500 in capital, had new equipment worth 2,000, cash flow totaling 500 and a loan totaling 1,000. During the year, the company made the following transactions: (1) Purchases on credit of goods 16,000 (2) Sales of all goods purchased (17,500 in cash) 19,000 (3) Advertising costs (paid in cash) 1,500 (4) Repayment of part of the loan 200 (5) Payment of interest on the loan 100 It has no goods left in inventory at the end of the period. Task: Record the transactions for the year and then prepare the balance sheet and income statement. It is assumed that the company is not subject to tax on profits (income tax). Assets Non-current assets Equipment and tools Accumulated depreciation Net tangible assets Current assets Inventories Accounts receivables Cash Balance sheet at 01/01/N Total Equity Share capital Equity and liabilities Non-current liabilities Financial debt Current liabilities Accounts payable Total