These are the following given:

Adjusted Trial Balance As of December 31, 20x1 Debit Credit Cash on Hand 25 000.00 B Catch in Hand - CHA 645 000.00 9 Cash in Bank - T/D 3.500 000.00 10 Trading Securities 1.500 000.00 11 Accounts Receivables 12.000 000.00 12 Allowance for Doubtful Accounts 1,200.000.00 13 Advances to Officers and Employees 300 600. 00 14 Marchandlie Inventory 2.100 600.00 15 Supplies Inventory 130 000.00 16 Prepald Insurance 44 600 00 17 Prepold Rest 18 Land i 400 62 0 19 Land Improvements 30 Accumulated Depreciation - Land Improvement 12.000.60 21 Leasehold Improvements 120 000.00 22 Accumulated Depreciation - Leasehold Improvement 6.000.00 23 Buildings 7.500 00p.op24 Accumulated Depreciation -Buildings 340 400 00 25 Equipment 26 Accumulated Depreciation . Equipment 178.000 00 27 Held to Maturity Investments 4.500 000 00 20 Franchise 1.500 000 00 29 Patents 20 000 00 30 Utility Deposits 38 000.00 31 Guarantee Deposits 100 000 00 32 Accounts Payable 2.500.030.00 33 Uncamed Revenue 150.000.00 34 355 Premium Health Parable 10.530.30 35 Philbeach Premium Payable 4.600.00 36 Pag-Ibly Premium Payable 4.100.00 37 Withholding Tax Payable 15.200.60 38 Interest Payable 4801800.60 39 Income Tax Payable 67085 390.60 40 Notes Payable - 17%, 5 year notes 5,030 080 60 41 Common Mock 5010 800 60 42 Additional Paid - In Capital 1.500 080 60 43 Retained Famings 2.100.400.00 44 Sales 47.100,400 00 45 Sales Dixcounts 4 400 00 46 Sales Returns and Allowances 6.100.00Sales Return and Allowances 6.103 04 Interest Income on Deposits 130 030150 50 Purchase Acturm and Allowances $1 Freight - In 43040 15,080.00 AT Advertising and Promotion Commitland and Incentives 40 Income Tax Expense 73.304.140.00 43 Additional Information 4 a Physical inventory of Merchandise as of your -and s Php 1.580, 000.00 3 b. Dividend paid during the your . Php 1,500.000.00 c. See attached fulanes theit not December 1, 3010 Aequine #4 1. Prepare Income Statement for the Your ended December BL 3010 Functional format TO 2 Prepare Balance Sheet as of December 31, 20x1 (with configurative figures of koolBalance Sheet As of December 31, 20x0 4 5 ASSETS 6 Current Assets 7 Cash and cash equivalents 2,802,414.29 8 Receivables 6,000,000.00 9 Inventories 2,100,000.00 10 Total current assets 10,902,414.29 11 12 Noncurrent assets 13 Property, plant and equipment 8,830,000.00 14 Other noncurrent assets 138,000.00 15 Total noncurrent assets 8,968,000.00 16 17 Total assets 19,870,414.29 18 19 LIABILITIES AND STOCKHOLDER'S EQUITY 20 LIABILITIES 21 Current liabilities 22 Trade and other payables 5,084,700.00 23 Income tax payable 1,585,714.29 24 Total current liabilitys 6,670,414.29 25 Noncurrent liability 26 Notes payable 5,000,000.00 27 Total liabilities 11,670,414.29 28 29 STOCKHOLDER'S EQUITY 30 Capital stock 4,500,000.00 31 Retained earnings 3,700,000.00 32 Total stockholder's equity 8,200,000.00 33 34 Total liabilities and equities 19,870,414.29 35 36