Old MathJax webview

prepare the following

given:

winter bake shop corporation adjusted trial balance dec 31

use this format:

don't include na dividends allocation

here's the format of cashflow

a. Statement of Financial Position b. Statement of Income C. Statement of Changes in Shareholders' Equity d. Statement of Cash Flows e. Notes to Financial Statements f. Dividend Allocation 2021 2020 Debit Debit Credit 5,850,000.00 819,500.00 Credit 5,500,000.00 807,300.00 2,154,200.00 1,958,300.00 102,000.00 1,000,000.00 840,000.00 480,000.00 43,080.00 50,000.00 500,000.00 420,000.00 240,000.00 39,170.00 2,600,000.00 101,210.00 2,500,000.00 22,744,988.00 52,000.00 420,000.00 240,000.00 2,500,000.00 616,410.00 2,500,000.00 20,707,790.00 50,000.00 420,000.00 240,000.00 5% Preference share capital, P100 par Accounts payable Accounts receivable Accumulated depreciation - Building Accumulated depreciation - Cooking equipment Accumulated Depreciation - Office equipment Accumulated depreciation - Store equipment Allowance for bad debts Building Cash Cooking equipment Cost of goods sold Depreciation expense - building Depreciation expense - office equipment Depreciation expense - store equipment Dividends payable Doubtful accounts Finished goods inventory Freight-out Income tax expense Income tax payable Insurance expense of goods sold in transit Interest expense Interest income Land Loss due to fire Notes payable, due on December 31, 2026 Office equipment Office supplies Office supplies expense ? ? 3,910.00 1,374,912.00 1,253,700.00 0.00 39,170.00 1,354,320.00 1,139,800.00 0.00 0.00 0.00 250,740.00 96,000.00 227,960.00 60,000.00 100,000.00 20,000.00 1,600,000.00 500,000.00 1,500,000.00 0.00 800,000.00 500,000.00 2,100,000.00 10,450.00 125,370.00 2,100,000.00 9,500.00 113,980.00 2021 2020 10,300,000.00 8,100,000.00 41,790.00 954,800.00 37,990.00 940,500.00 240,000.00 (3,851,150.00) 210,000.00 0.00 1,880,550.00 1,253,700.00 1,709,700.00 1,139,800.00 130,600.00 25,850,000.00 118,700.00 23,500,000.00 258,500.00 517,000.00 235,000.00 470,000.00 Ordinary share capital, P5 par Prepaid insurance Raw materials inventory Rental income Retained Earnings Salaries and wages of admin employees Salaries and wages of sales agents Salaries payable Sales Sales discounts Sales returns and allowances Share Premium - Ordinary Share Premium - Preference Store equipment Store supplies Store supplies expense Subscribed ordinary share capital Subscribed preference share capital Subscription receivable - Ordinary Subscription receivable - Preference Treasury Shares at cost, ordinary Treasury Shares at cost, preference Work in process inventory 1,545,000.00 877,500.00 1,241,700.00 825,000.00 1,200,000.00 20,900.00 250,750.00 1,200,000.00 19,000.00 227,950.00 2,060,000.00 1,170,000.00 1,620,000.00 1,100,000.00 1,648,000.00 702,000.00 226,600.00 128,700.00 1,145,760.00 1,296,000.00 660,000.00 129,600.00 60,500.00 1,128,600.00 Totals 48,356,530.00 48,356,530.00 44,791,870.00 44,791,870.00 Additional information: 1. Inventories as of January 1 Raw materials inventory Work in process inventory Finished goods inventory 2021 940,500.00 1,128,600.00 1,354,320.00 2020 450,000.00 742,180.00 1,112,280.00 2. Cost of Goods Sold related expenses Purchases Freight-in Purchase returns and allowances Direct Labor Factory Overhead (including the depreciation expense for the cooking equipment) 2021 9,548,000.00 477,400.00 190,960.00 5,892,100.00 7,070,500.00 2020 9,405,000.00 470,250.00 188,100.00 5,518,000.00 6,621,600.00 3. Preference shares are cumulative and non-participating. 800,000.00 Dividends were declared last December 25, 2020, and was distributed to shareholders last January 20, 2021. Dividends were declared last December 28, 2021, and for distribution to shareholders on February 1, 2022. 1,000,000.00 BUSINESS NAME Statement of Financial Position As of ASSETS Note X1 X2 Current Assets Cash & cash equivalents Trade & other receivables Inventories Prepayments Total Current Assets X X X X X3 X4 X5=SUM (X1:X4) Non-current Assets Property, plant & equipment Account title Account title Total Non-current Assets X6 X7 X8 X9=SUM (X6X8) TOTAL ASSETS X10=X5+X9 LIABILITIES & EQUITY LIABILITIES Current Liabilities Trade & other payables Account title Account title X X11 X12 X13 X14=SUM (X11:X13) Total Current Liabilities Non-current Liabilities Account title Account title X15 X16 X17=SUM (X15:X16) Total Non-current Liabilities Total Liabilities X18=X14+X17 EQUITY X19 TOTAL LIABILITIES & EQUITY X20=X18+X19 BUSINESS NAME Statement of Comprehensive Income For the period ended Note X X1 X2 X3=X1-X2 Net sales revenue/Receipts Less: Cost of goods sold/Cost of sales/Cost of service Gross profit Less: Operating expenses Marketing & distribution General & administrative Other expenses Total operating expenses XXX X4 X5 X6 X7=X4+X5+X6 Profit/(Loss) from operations Add: Other income Earnings/(Losses) before interests & taxes Add/Less: Net interest incomelexpense Earnings/(Losses) before taxes Less: Income tax expense Net profit/(loss) Other comprehensive income/(loss) Total comprehensive income/loss) X8=X3-X7 X9 X10=X8+X9 X11 X12=X10+-X11 X13 X14=X12-X13 X15 X16=X14+X15 BUSINESS NAME Statement of Changes in Equity For the year ended December 31 Preference Share Capital Ordinary Share Capital Subscribed Preference Share Capital Treasury Shares Subscribed Ordinary Share Share Premium Treasury Shares Total Shareholders Equity Balances, Beginning Balances, Ending BUSINESS NAME Notes to Financial Statements Note 1 - Cash & cash equivalents Account title Account title Account title Total X1 X2 SUM (X1:X3) Note 2 - Trade & other receivables Account title Account title Account title Total X1 X2 X3 SUM (X1:X3) X1 X2 X3 SUM (X1:X3) Note 3 - Inventories Account title Account title Account title Total Note 4 - Prepayments Account title Account title Account title Total X1 X2 X3 SUM (X1:X3) Note 5 - Property, plant & equipment Account title Account title Less: Accumulated depreciation Account title Less: Accumulated depreciation Total X1 X2 (X3) X4 (15) SUM (X1:X5) X1 Note 6 - Trade & other payables Account title Account title Account title Total X2 X3 SUM (X1:X3) Note 7 - Net Sales Revenue Gross Sales Less: Sales returns & allowances Sales discount Net sales revenue X1 (X2) (X3) SUM (X1:X3) X1 Note 8 - Cost of Goods Sold Merchandise inventory, beginning Add: Net purchases Purchases Purchase returns & allowances Purchase discount Freight-in X2 (X3) (X4) X5 X6=SUM (X1:X5) X7 X8=X6-X7 Cost of goods available for sale Less: Merchandise inventory, ending Cost of goods sold Note 9 - Marketing & Distribution Account title Account title Account title Total X1 X2 X3 SUM (X1:X3) Note 10 - General & Administrative Account title Account title Account title Total X1 X2 X3 SUM (X1:X3) Note 11 - Net Interest/Expense Account title Account title Account title Total X1 X2 X3 SUM (X1:X3) Note 12 - Other income Account title Account title Account title Total X1 X2 X3 SUM (X1X3) BUSINESS NAME Statement of Cash Flows For the X1 X2 X3 = X1+X2 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit/(Net Loss) Adjustments for: Depreciation, Amortization, Bad debts, (Gains) or Losses Income before working capital changes (Increase)/Decrease in current assets Current Asset account titles Current Asset account titles Increase/(Decrease) in current liabilities Current Liability account titles Current Liability account titles Net cash provided by/(used in) Operating Activities X4 X5 X6 X7 X8 = X3+X4+X5+X6+X7 CASH FLOWS FROM INVESTING ACTIVITIES Sale of/(Purchase of): Non-current Asset account titles Non-current Asset account titles Net cash provided by/(used in) Investing Activities X9 X10 X11 = X9+X10 CASH FLOWS FROM FINANCING ACTIVITIES Issuance of/Proceeds from/(Payment of)/(Acquisition of): Non-current Liability account titles Equity account titles Net cash provided by/(used in) Financing Activities X12 X13 X14 = X12+X13 NET INCREASE/DECREASE) IN CASH Add: Cash, beginning CASH, ENDING X15 = X8+X11+X14 X16 X17 = X15+X16