You are an accountant at Rock Castle Construction. Your boss has asked that you create general purpose financial statements from a trial balance that he has created for you. Additionally, the company is for sale and you need to draft a letter to potential buyers explaining the overall financial health and profitability of the business. You should use several appropriate financial measure formulas as evidence . Your boss has strongly reminded you that the company needs to sell or you may be out of a job. You have been strongly encouraged to write a very positive letter to potential buyers. Generally, buyers are most interested in knowing about. profits. the first picture is 2018 and the second is 2019

0.00 0.00 72.18 16,290.52 19,936.91 22,641.00 14,343.11 21,000.00 31,180.52 296,283.00 39,273.75 36,213.97 3,400.00 16,335.00 36,023.77 112,666.50 835.00 24000. Payroll Liabilities:24070 . State Disability Payable 24000. Payroll Liabilities:24080. Worker's Compensation 25500. Sales Tax Payable 23000. Loan - Vehicles (Van) 23100. Loan - Vehicles (Utility Truck) 23200 Loan - Vehicles (Pickup Truck) 28100. Loan - Construction Equipment 28200. Loan - Furniture/Office Equip 28700. Note Payable - Bank of Anycity 28900. Mortgage - Office Building 30100 Capital Stock 32000. Retained Earnings 40100 Construction Income:40110 Design Income 40100 Construction Income:40130. Labor Income 40100 Construction Income:40140. Materials Income 40100 Construction Income:40150 Subcontracted Labor Income 40500. Reimbursement Income:40520 . Permit Reimbursement Income 50100 Cost of Goods Sold 54000. Job Expenses:54300. Job Materials 54000. Job Expenses:54400 . Permits and Licenses 54000. Job Expenses:54500. Subcontractors 60100. Automobile:60110 Fuel 60100 . Automobile:60120 . Insurance 60100. Automobile:60130. Repairs and Maintenance 60600. Bank Service Charges 60900 Depreciation Expense 62100. Insurance:62110 Disability Insurance 62100. Insurance:62120. Liability Insurance 62100 - Insurance:62130. Work Comp 62400. Interest Expense:62420 Loan Interest 63600 - Professional Fees:63610 - Accounting 64200. Repairs:64220 . Computer Repairs 64200. Repairs:64230 Equipment Repairs 64800 Tools and Machinery 65100. Utilities:65110 Gas and Electric 5,620.96 12,171.60 225.00 53,350.00 1,715.00 2,850.24 2,550.00 150.00 44,435.91 600.00 5,092.98 3,300.00 4,705.48 250.00 714.00 1,800.00 1,457.91 1,841.43 880.00 65100. Utilities:65120. Telephone 65100 - Utilities:65130 . Water 288.00 70200. Interest Income TOTAL 281.03 790,750.86 790,750.86 39,273.75 61.756.76 0.00 36.729.25 208,225.42 119,920.67 82.710.35 48.35 1.223.75 896.05 14,766.19 1.850.00 99,435.90 700.00 63,217.95 797.10 201.81 30100 . Capital Stock 32000 Retained Earnings 40100 Construction Income 40100 . Construction Income:40110 Design Income 40100 Construction Income:40130 Labor Income 40100 Construction Income:40140. Materials Income 40100 Construction Income:40150 Subcontracted Labor Income 40100 Construction Income:40199 Less Discounts given 40500. Reimbursement Income:40520 . Permit Reimbursement Income 40500. Reimbursement Income:40530 . Reimbursed Freight & Delivery 50100 Cost of Goods Sold 54000 Job Expenses:54200 - Equipment Rental 54000 - Job Expenses:54300. Job Materials 54000. Job Expenses:54400 . Permits and Licenses 54000. Job Expenses:54500. Subcontractors 54000 Job Expenses:54520. Freight & Delivery 54000 Job Expenses:54599. Less Discounts Taken food 60100 - Automobile:60110 Fuel 60100 . Automobile:60120 Insurance 60100 - Automobile:60130 Repairs and Maintenance 60300. Bad debt 60600. Bank Service Charges 62100. Insurance:62110 Disability Insurance 62100. Insurance:62120 Liability Insurance 62100. Insurance:62130 - Work Comp 62400 . Interest Expense:62420 Loan Interest 62700. Payroll Expenses:62710. Gross Wages 62700. Payroll Expenses:62720. Payroll Taxes 62700. Payroll Expenses:62730 FUTA Expense 62700 Payroll Expenses:62740 SUTA Expense 63100. Postage 63600 Professional Fees:63610 Accounting 64200 Repairs:64210 - Building Repairs 64200 Repairs:64220 . Computer Repairs 64200 Repairs:64230 Equipment Repairs 64800. Tools and Machinery 65100 - Utilities:65110 Gas and Electric 65100 - Utilities:65120. Telephone 44.95 1.588.70 2,850.24 2,406.00 300.00 125.00 582.06 5.885.96 13,657.07 151.995.65 110,400.10 8,445.61 268.00 1,233.50 104.20 250.00 175.00 0.00 1,350.00 2.820.68 1,164.16 841.15 264.00 65100 Utilities:65130 Water 70100 Other Income 70200. Interest Income TOTAL 146.80 229.16 1.225.000.48 1.225.000.48 0.00 0.00 72.18 16,290.52 19,936.91 22,641.00 14,343.11 21,000.00 31,180.52 296,283.00 39,273.75 36,213.97 3,400.00 16,335.00 36,023.77 112,666.50 835.00 24000. Payroll Liabilities:24070 . State Disability Payable 24000. Payroll Liabilities:24080. Worker's Compensation 25500. Sales Tax Payable 23000. Loan - Vehicles (Van) 23100. Loan - Vehicles (Utility Truck) 23200 Loan - Vehicles (Pickup Truck) 28100. Loan - Construction Equipment 28200. Loan - Furniture/Office Equip 28700. Note Payable - Bank of Anycity 28900. Mortgage - Office Building 30100 Capital Stock 32000. Retained Earnings 40100 Construction Income:40110 Design Income 40100 Construction Income:40130. Labor Income 40100 Construction Income:40140. Materials Income 40100 Construction Income:40150 Subcontracted Labor Income 40500. Reimbursement Income:40520 . Permit Reimbursement Income 50100 Cost of Goods Sold 54000. Job Expenses:54300. Job Materials 54000. Job Expenses:54400 . Permits and Licenses 54000. Job Expenses:54500. Subcontractors 60100. Automobile:60110 Fuel 60100 . Automobile:60120 . Insurance 60100. Automobile:60130. Repairs and Maintenance 60600. Bank Service Charges 60900 Depreciation Expense 62100. Insurance:62110 Disability Insurance 62100. Insurance:62120. Liability Insurance 62100 - Insurance:62130. Work Comp 62400. Interest Expense:62420 Loan Interest 63600 - Professional Fees:63610 - Accounting 64200. Repairs:64220 . Computer Repairs 64200. Repairs:64230 Equipment Repairs 64800 Tools and Machinery 65100. Utilities:65110 Gas and Electric 5,620.96 12,171.60 225.00 53,350.00 1,715.00 2,850.24 2,550.00 150.00 44,435.91 600.00 5,092.98 3,300.00 4,705.48 250.00 714.00 1,800.00 1,457.91 1,841.43 880.00 65100. Utilities:65120. Telephone 65100 - Utilities:65130 . Water 288.00 70200. Interest Income TOTAL 281.03 790,750.86 790,750.86 39,273.75 61.756.76 0.00 36.729.25 208,225.42 119,920.67 82.710.35 48.35 1.223.75 896.05 14,766.19 1.850.00 99,435.90 700.00 63,217.95 797.10 201.81 30100 . Capital Stock 32000 Retained Earnings 40100 Construction Income 40100 . Construction Income:40110 Design Income 40100 Construction Income:40130 Labor Income 40100 Construction Income:40140. Materials Income 40100 Construction Income:40150 Subcontracted Labor Income 40100 Construction Income:40199 Less Discounts given 40500. Reimbursement Income:40520 . Permit Reimbursement Income 40500. Reimbursement Income:40530 . Reimbursed Freight & Delivery 50100 Cost of Goods Sold 54000 Job Expenses:54200 - Equipment Rental 54000 - Job Expenses:54300. Job Materials 54000. Job Expenses:54400 . Permits and Licenses 54000. Job Expenses:54500. Subcontractors 54000 Job Expenses:54520. Freight & Delivery 54000 Job Expenses:54599. Less Discounts Taken food 60100 - Automobile:60110 Fuel 60100 . Automobile:60120 Insurance 60100 - Automobile:60130 Repairs and Maintenance 60300. Bad debt 60600. Bank Service Charges 62100. Insurance:62110 Disability Insurance 62100. Insurance:62120 Liability Insurance 62100. Insurance:62130 - Work Comp 62400 . Interest Expense:62420 Loan Interest 62700. Payroll Expenses:62710. Gross Wages 62700. Payroll Expenses:62720. Payroll Taxes 62700. Payroll Expenses:62730 FUTA Expense 62700 Payroll Expenses:62740 SUTA Expense 63100. Postage 63600 Professional Fees:63610 Accounting 64200 Repairs:64210 - Building Repairs 64200 Repairs:64220 . Computer Repairs 64200 Repairs:64230 Equipment Repairs 64800. Tools and Machinery 65100 - Utilities:65110 Gas and Electric 65100 - Utilities:65120. Telephone 44.95 1.588.70 2,850.24 2,406.00 300.00 125.00 582.06 5.885.96 13,657.07 151.995.65 110,400.10 8,445.61 268.00 1,233.50 104.20 250.00 175.00 0.00 1,350.00 2.820.68 1,164.16 841.15 264.00 65100 Utilities:65130 Water 70100 Other Income 70200. Interest Income TOTAL 146.80 229.16 1.225.000.48 1.225.000.48