These are 2 different questions

8:45 1 ull LTE Done Assignment 2.2.doc Steve receives $1200 per month from a trust fund set up by his grandparents for 30 years starting today. What is the present value of the total payment he will receive, given the discount rate of 6%. Finish the following Income Statement 550000 Revenue Materials goods sold 210000 Salaries 180000 Rent 33000 Cable and Phone 5000 Utility 58200 Other overhead costs 16000 Depreciation 18000 Total Expenses Gross Income 15% Income Tax Net Profit Finish following balance sheet Assets $ Liabilities Is $ Inventary Cash 4500 19500 Account Receivable 32000 Total Cash Assets Depreciation 5500 Total Assets Account Pavable 24000 Salaries ncol to May 15500 Debt 23000 Total Liability Owner's Tquily Total Liability