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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