Prepare Balance Sheet of given Financial position. Statements of Financial Position December 31, Year 10 Cash Accounts

Prepare Balance Sheet of given Financial position.  

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Statements of Financial Position December 31, Year 10 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipment Investment in Salt Other investments Total Assets Accounts payable Long term liabilities Common shares Retained earnings Total liabilities and shareholder's equity Income Statements Year Ended December 31, Year 10 Sales Cost of goods sold Gross profit Royalty revenue Dividend income Depreciation and amortization expense Other expenses Income tax expense Net income Retained earnings, beginning of year Net income Dividends Retained earnings, end of year Pillar $ S 50,000 150,000 150,000 500,000 4,500,000 -1,770,000 800,000 100,000 54.510.000 Pillar 450,000 300,000 1,200,000 2.560.000 $4.510.000 2,000,000 1,200,000 800,000 150,000 72,000 250,000 187,000 120.000 465.000 2,395,000 465,000 300,000 2.560.000 Salt $ $ 1.740.000 $ 20,000 160,000 100,000 300,000 2,400,000 -1.240,000 Salt 200,000 500,000 300,000 240,000 $ 1.740.000 1,500,000 900,000 600,000 120,000 221,000 70,000 189,000 641,000 189,000 90,000 240.000 Statements of Financial Position December 31, Year 10 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipment Investment in Salt Other investments Total Assets Accounts payable Long term liabilities Common shares Retained earnings Total liabilities and shareholder's equity Income Statements Year Ended December 31, Year 10 Sales Cost of goods sold Gross profit Royalty revenue Dividend income Depreciation and amortization expense Other expenses Income tax expense Net income Retained earnings, beginning of year Net income Dividends Retained earnings, end of year Pillar $ S 50,000 150,000 150,000 500,000 4,500,000 -1,770,000 800,000 100,000 54.510.000 Pillar 450,000 300,000 1,200,000 2.560.000 $4.510.000 2,000,000 1,200,000 800,000 150,000 72,000 250,000 187,000 120.000 465.000 2,395,000 465,000 300,000 2.560.000 Salt $ $ 1.740.000 $ 20,000 160,000 100,000 300,000 2,400,000 -1.240,000 Salt 200,000 500,000 300,000 240,000 $ 1.740.000 1,500,000 900,000 600,000 120,000 221,000 70,000 189,000 641,000 189,000 90,000 240.000

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The given image contains financial data necessary to prepare a balance sheet The balance sheet is a financial statement that presents a companys finan... View the full answer