K18 1 723 A 4 5 Revenue 6 Sales 7 other income 8 Total Revenue 9...

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K18 1 723 A 4 5 Revenue 6 Sales 7 other income 8 Total Revenue 9 B x fx E Tech Solutions inc F Budgeted income statement End of year 10 Expenses 11 Cost of goods sold 12 Operating expenses 13 Depreciation expense (Depreciation of building and equipment) 14 Interest expense 15 Income tax expense 16 Total expenses 17 18 Net Income G $500,000 10000 $510,000 $200,000 150000 10000 40000 $400,000 $110,000 L1 1 AWNP 2 3 A B Assets Cash 4 5 6 7 Accounts Receivable 8 Inventory < x fx D E Tech solutions inc 15 Liabilities 16 Accounts payable C Budgeted Balance sheet End of year 9 10 Land 11 Building (less accumulated depreciation) 12 Equipment(Less accumulated depreciation) 13 Total Assets 14 Property, Plant, and Equipment (PPE) 17 Long term debt 18 Total liabilities 19 20 Owner equity 21 Common stock 22 Retained earnings 23 Total owners equity 24 25 Total liabilities and total owners equity F LL G $50,000 100000 20000 30000 200000 100000 $500,000 $40,000 150000 $190,000 $50,000 30000 $80,000 $270,000 K18 1 723 A 4 5 Revenue 6 Sales 7 other income 8 Total Revenue 9 B x fx E Tech Solutions inc F Budgeted income statement End of year 10 Expenses 11 Cost of goods sold 12 Operating expenses 13 Depreciation expense (Depreciation of building and equipment) 14 Interest expense 15 Income tax expense 16 Total expenses 17 18 Net Income G $500,000 10000 $510,000 $200,000 150000 10000 40000 $400,000 $110,000 L1 1 AWNP 2 3 A B Assets Cash 4 5 6 7 Accounts Receivable 8 Inventory < x fx D E Tech solutions inc 15 Liabilities 16 Accounts payable C Budgeted Balance sheet End of year 9 10 Land 11 Building (less accumulated depreciation) 12 Equipment(Less accumulated depreciation) 13 Total Assets 14 Property, Plant, and Equipment (PPE) 17 Long term debt 18 Total liabilities 19 20 Owner equity 21 Common stock 22 Retained earnings 23 Total owners equity 24 25 Total liabilities and total owners equity F LL G $50,000 100000 20000 30000 200000 100000 $500,000 $40,000 150000 $190,000 $50,000 30000 $80,000 $270,000