Part 1) Using the information provided on the Account Information sheet complete the following Financial Statments for Reed Geophysical Inc. for 2018 Account Name Balance (2018)

Account Name		Balance (2018)
Income tax Expense	$	600,000
Decrease in porperty valulation		35,000
Current Assets		6,500,000
Cost of Sales		7,500,000
Distribuiton Costs		900,000
Common Shares Issued		895,000
Finance Costs		90,000
Stock Option Compenstation		40,000
Profit before Taxes		1,750,000
Retained Earnings(endof year)		5,000,000
Dividends Paid		150,000
Other Income		40,000
Gross Profit		3,500,000
Share Captial (end of year)		3,395,000
Contributed surplus (beginnning of year)		60,000
Non-Current Liablilities		5,000,000
Change in Currency Translation(income)		40,000
Retained Earnings(beginning of year)		4,000,000
Administrative Expenses		800,000
Total Liabilities		8,000,000
Total Assets		16,500,000