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The following accounting operations were recorded in the GIGA Company in the first quarter of the year 200X: No. Description Amount 1. Dividends received 2.

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The following accounting operations were recorded in the GIGA Company in the first quarter of the year 200X: No. Description Amount 1. Dividends received 2. Calculated (accrued) and paid fine for pollution of the environment 3. Received compensation for not punctual delivery 4. Received cash donation 100 130 320 50 Income tax 150 Net sale of goods for resale 800 7. Cost of sale of goods for resale/ Cost of goods for resale 8. Revenue on sale of long-term financial assets 9. Carrying amount of sold long-term financial assets 10. Initial value of sold long-term financial assets 11. Revenue on sale of machines 700 770 720 900 400 12. Net value of sold machines 500 13. Accumulated depreciation related to sold machines 300 14. Impairment (write off) of interest on trade receivables 130 15. Damage of goods for resale assigned to an extraordinary event 16. Nst sale of finished products 17. Cost of sale of finished products/Cost of finished goods sold 18. Selling costs 19. General administrative expenses 170 180 000 120000 3 000 20 000 20. Change in inventories (goods for resale) 21. The customer paid off the receivables of 7 000, using notes payable of 7 750 11 000 22. The value of foreign trade receivables of 500 Euro increase (the exchanges rate of euro increase by 0,2 per one euro) 23. Calculated interest on a long-term bank loan 24. Received interest on loans granted 100 600 160 Required Prepare the Income Statement of GIGA Company using the data listed above. You can prepare this statement by function or by nature of expenses -the choice is yours, but you have to mention which option you used

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