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The data shows the performance of MG Brown Ltd. for December 31, 2022. Compute the following requirements in a yellow sheet paper or bond paper.

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The data shows the performance of MG Brown Ltd. for December 31, 2022. Compute the following requirements in a yellow sheet paper or bond paper. Available information 1. The company has 400,000 available cash on-hand 2. Inventory on Dec 31,2022 is 600,000 3. 50% of the total merchandise sold is cash basis 4. Gross Prafit by the end of the year is 3 million pesos 5. Record shows 100,000 shares outstanding 6. Non-current assets value is half of the total value of current assets Required: Construct the statement of financial position in good form. Construct the statement of comprehensive income in good form. Additional instructions: In the first half of your paper write your answers to the required items (iix). Use the second half of your paper for the solutions and box your answer. Construct the required financial statements in the succeeding page/s

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