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Using the information below, please prepare the 2021/2022 fiscal year Balance Sheet (5 blocks) and Profit & Loss Statement for the French Football team, PSG.

Using the information below, please prepare the 2021/2022 fiscal year Balance Sheet (5 blocks) and Profit & Loss Statement for the French Football team, PSG. All amounts are in Euros, except the number of tickets

1) 30-year mortgage: 1,500,000

2) Non-sport personnel salaries were 150,000

3) Licensed merchandise for sale at clubs store: 275,000

4) Share Capital: 500,000

5) Accounts Receivable: 350,000

6) Accounts Payable: 171,375

7) Licensed merchandise sales summed 450,000

8) Corporate Income Tax in Spain is 25%

9) Contributions to Social Security 275,000

10) Sport personnel salaries were 3,500,000

11) P&L: ?

12) Broadcasting revenues for the year totalized 1,500,000

13) The club spent 10,000 in miscellaneous supplies

14) Annual amortizations for Stadium and other assets were 250,000

15) Stadium: 1,000,000

16) Interest earned on the clubs bank accounts added up to 8,500

17) Furniture: 40,000

18) Interest expense on long-term loans amounted to 12,000

19) Land: 500,000

20) Cash: 20,000

21) 3-month financial debt: 180,000

22) Office building: 800,000

23) Purchases of goods were 1,750,000

24) During the year, a total of 100,000 game day tickets were sold at a price of 50 euros each

25) 10-year bank loan: 1,000,000

26) Computers: 100,000

27) Water and electricity for the Stadium and club offices totaled 60,000

28) Trademarks: 250,000

29) Reserves: 50,000

30) Bank account balance: 780,000

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