The following balances are extracted from the books of one of the individual service establishments on December 31, 2020 (in monetary units): / 500,000 / lands and buildings, / 300,000 / machines and equipment, / 100,000 / furniture and furnishings, / 20,000 / personal withdrawals, / 100,000 / capital additions during the financial period, / 70,000 / salaries and wages, / 30,000 / administrative expenses, / 60,000 / other miscellaneous expenses, / 400,000 / revenue from services provided to others, / 150,000 / creditors, / 50,000 / bank loan, / 80,000 / cash in the box.

Exercise No. (3) 2021-2022, the required:

1. Preparing the income statement for this facility for the financial period ending on 12/31/2020.

2. Explain how you calculated the capital (beginning of the period)?

3. Preparing the statement of financial position for this facility on 31/12/2020.