There has to be an Income statement, balance sheet, and statment of cash flow for each year.

ACC110 Class Project Fall 2017 AYCE Manufacturers, Inc. Trial Balances as at December 31, 2014, 2015 and 2016 2014 2015 2016 Credit Debit Credit Credit 30,000 70,000 38,000 ,000 25,000 32,000 Cash Account receivables 15,000 55,000 35,000 5,000 20,000 30,000 125,000 50,000 5,000 20,000 30,000 Prepaid expenses Building Furniture and equipment Accounts payable Accrued expenses Sales tax payable 35,000 10,000 11,000 25,000 40,000 18,000 7,000 20,000 20,000 140,384 197,415 100,901 35,000 10,000 11,000 15,000 Share capital T-Shirt revenue Button-Down revenue Underwear revenue T-Shirt costs Button-Down costs Underwear costs Salaries Rent Utilities Insurance Marketing expenses Office supplies Total 105,000 120,000 75,000 260,000 320,000 170,000 50,000 45,000 30,000 50,000 36,000 10,000 75,000 65,000 50,000 80,000 39,000 11,000 12,500 8,200 160,000 130,000 100,000 109,000 11,500 17,000 8,300 8,000 $401,000 401,000 543,700 543,700 841,000$841,000 Additional information to use to complete the financial statements . Building is depreciated over 50 years Furniture and equipment is being depreciated over 5 years Company has a loan interest of 10% of loan, no interest has been accrued historically There are a number of expenses that have not yet been paid and have not yet been accounted for in the 2016 balances o Wages of $1,200 for a cleaning staff o Prepaid expenses were for 24 months insurance There are a number of adjusting entries for 2014-2016 Account receivables to be written off of $1,500 for 2016 Company create a general allowance for doubtful debt 5% of accounts receivable we expect a 5% obsolescence adjustment on inventory annually o