Question: Prepare a Financial Statement Should include: - The Income Statement - The Statement of Retained Earnings - The Balance Sheet Item Description Value Old Infrastructure

Prepare a Financial Statement

Should include:

- The Income Statement

- The Statement of Retained Earnings

- The Balance Sheet

Item Description Value
Old Infrastructure $1,500,000,000
Newly built infrastructure $11,000,000
Outstanding loan on old infrastructure $210,000,000
Outstanding loan on new infrastructure $9,500,000
Interest on old loan 6.5%
Interest on new loan 2.5%
Operating and Maintenance cost $25,000,000
Revenues from fees and taxes $80,000,000
Loan repayment $6,500,000

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