Trial Balance Unadjusted Trial Balance Adjusted

At December $31,$ Y$6$ At December $31,$ Y$7$ Adjustments Trial Balance Income Statement Balance Sheet

Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit DO NOT USE THIS AREA

Cash & Equivalents $886,4871,052,103$

FV$-$NI Investments $-394,637$

Accounts Receivable $-$ Trade $1,895,7402,119,945$

Accounts Receivable $-$ Projects $-1,623,000$

Other Accounts Receivable $--$

Interest Receivable $--$

Allowance for Doubtful Accounts $75,93575,935$

Inventory $475,539515,040$

Inventory on Consignment $-142,970$

Prepaid Insurance $120,000300,000$

FV$-$OCI Investments $-423,639$

Construction in Process $4,425,000$

Land $655,000655,000$

Building $2,959,6452,959,645$

Building $-$ Accumulated Depreciation $190,472190,472$

Equipment $389,105505,760$

Equipment $-$ Accumulated Depreciation $104,853104,853$

Intangible Assets $-149,078$

Intangible Assets $-$ Accumulated Amortization

Intangible Assets $-$ Accumulated Impairment Loss $-$

Goodwill $675,000675,000$

Accumulated Impairment Loss $-$ Goodwill $-$

Accounts Payable $525,000834,688$

Deferred Tax Liability $--$

HST Payable $94,100425,230$

Interest Payable $100,000$

Dividends Payable $--$

Billings on Contract $-3,845,000$

Wages Payable $16,500$

Notes Payable $-750,000$

Bank Loan $3,200,0005,000,000$

Common Stock $1,764,6451,764,645$

Retained Earnings $1,007,4071,985,009$

Accumulated Other Comprehensive Income $--$

Revaluation Surplus $-$ OCI $-$

Revenue from Long$-$term Contract $(2019)3,206,449$

Revenue from Long$-$term Contract $-$ Project #$1--$

Revenue from Long$-$term Contract $-$ Project #$2--$

Revenue from Consignments $-$

Sales Revenue $-$ Equipment $5,855,6907,044,900$

Dividend Income $-9,200$

Interest Income $450$

Gain$/($Loss$)$ on sale of truck

Unrealized Gain or Loss $-$ FVNI

Unrealized Gain or Loss $-$ OCI

Cost of Goods Sold $3,717,4004,513,400$

Construction Expenses $(2019)2,360,100$

Construction Expenses $-$ Project #$1--$

Construction Expenses $-$ Project #$2--$

Loss on Impairment

Equipment Rental $($other expenses$)501,366455,264$

Equipment Repairs $($other expenses$)48,78684,660$

Wages $675,960692,905$

Payroll Tax Expense $81,11586,613$

Interest Expense $165,900-$

Utilities $60,12096,341$

Income tax expense $--$

Insurance Expense $160,000120,000$

Bad Debt Expense $68,901-$

Commission Expense $-$

Advertising Expense $3,150$

Administration Expenses $86,55739,933$

Amortization Expense $($other expense$)-$

Depreciation Expense $($other expenses$)155,631-$

TOTALS $$16,141,503$ $$16,141,502$ $$22,029,933$ $$22,029,932$ $$-$ $$-$ $$-$ $$-$

Net Income $($Loss$)1$

TOTAL $-$

Revenue $9,062,589$

Expenses $8,084,987-$

Net Income $977,6021-$