plus.com/courses/38929/assignments/5667913 VIEW FUNCIOS is Current Attempt in Progress upport These items are taken from the financial statements of Ayayai Corp. at December 31, 2018. Buildings $79,350 Accounts receivable 9,450 Prepaid insurance 3,510 Cash 8,880 Equipment 61,800 Land 45,900 Office expense 435 150 Income tax expense 3,975 Depreciation expense 1,950 Interest expense 46,500 Common shares 30,000 Retained earnings (January 1, 2018) 34,200 Accumulated depreciation-building UR Courses: Log in to the site x + Fileyplus.com/courses/38929/assignments/5667913 LUCULUT UU., vou Accumulated depreciation-building 34,200 Accounts payable 6,300 Income taxes payable 825 Bank loan payable (due July 1, 2020) 70,200 Accumulated depreciation-equipment 14,040 Interest payable 2,700 Sales 10.635 (a) Your answer has been saved. See score details after the due date. Calculate the net income for the year. Net income/(loss) $ 4125 UR Courses: Log in to the site x + leyplus.com/courses/38929/assignments/5667913 Prepare a classified statement of financial position. Assume that $10,200 of the bank loan payable will be paid in (List Property, plant and equipment in order of land, buildings and equipment. List Current Assets in order of liquidity.) AYAYAI CORP. Statement of Financial Position Assets $ $ UR Courses: Log in to the site + leyplus.com/courses/38929/assignments/5667913 $ $ $ Liabilities and Shareholders' Equity ^ ENC UR Courses: Log in to the site X + eyplus.com/courses/38929/assignments/5667913 List of Accounts plus.com/courses/38929/assignments/5667913 VIEW FUNCIOS is Current Attempt in Progress upport These items are taken from the financial statements of Ayayai Corp. at December 31, 2018. Buildings $79,350 Accounts receivable 9,450 Prepaid insurance 3,510 Cash 8,880 Equipment 61,800 Land 45,900 Office expense 435 150 Income tax expense 3,975 Depreciation expense 1,950 Interest expense 46,500 Common shares 30,000 Retained earnings (January 1, 2018) 34,200 Accumulated depreciation-building UR Courses: Log in to the site x + Fileyplus.com/courses/38929/assignments/5667913 LUCULUT UU., vou Accumulated depreciation-building 34,200 Accounts payable 6,300 Income taxes payable 825 Bank loan payable (due July 1, 2020) 70,200 Accumulated depreciation-equipment 14,040 Interest payable 2,700 Sales 10.635 (a) Your answer has been saved. See score details after the due date. Calculate the net income for the year. Net income/(loss) $ 4125 UR Courses: Log in to the site x + leyplus.com/courses/38929/assignments/5667913 Prepare a classified statement of financial position. Assume that $10,200 of the bank loan payable will be paid in (List Property, plant and equipment in order of land, buildings and equipment. List Current Assets in order of liquidity.) AYAYAI CORP. Statement of Financial Position Assets $ $ UR Courses: Log in to the site + leyplus.com/courses/38929/assignments/5667913 $ $ $ Liabilities and Shareholders' Equity ^ ENC UR Courses: Log in to the site X + eyplus.com/courses/38929/assignments/5667913 List of Accounts