WFBU0001 Financial Information for Report Assessment '7' University lNTERNAIIONAL CUItEGE (Business Marketing Plan) The name of the Business that you work for is Enterprise Pty Ltd. To follow is financial information relating to the Business. You are going to need to complete the following in order to have the Financial Information required for your Business Marketing Plan. Your completed answers will need to be included in the Appendix of your Business Marketing Plan. Follow the following steps to complete the information: 1. Using the amounts for accounts provided below, open accounts in an Accounting Equation and perform the transaction analysis with the information provided. 2. Prepare the Income Statement, Statement of Changes in Equity and Balance Sheet for the year ended 30 June 20x1 3. Use the additional information to create a Budgeted income Statement for the year 30 June 20x2. Account balances at the end of June 20x0: Accounts Payable 23,000 Accounts Receivable 32,000 Motor Vehicle 46,000 Supplies 16,000 Transactions for the financial year 20XO to 20x1 1-July Sold products costing 460,000 were sold for 690,000 and received cash. 8-August Paid for Research and Development 720,000 by way of electronic transfer. 16-September Paid the rent, 120,000. 6October Received 31,000 from customers who previously purchased goods on credit. 22-November Sold 3 business delivery vehicle for 30,000 and received a cash payment. 5-December Paid of part of the loan, 120,000. 7January Received a loan of 250,000 from the bank to use to buy new factory equipment over the next few months. 22-March Sold products costing 200,000 for 420,000 on account. 16-May Purchased supplies costing 150,000 on account. 26-June Paid the Account Payable that was owing at the beginning of the Financial Year. Further information: For the financial year 20x2, the business anticipates increased value sales of 56%. The business also expects all expenses; (except the marketing), to increase by 8%. The Marketing Budget for the next financial year will be allocated exclusively to the new product and will be allocated as 15% of the expected Sales Revenue for 20x2