State the validity along with respective reasons:

1.Resource leveling aims at smooth of the resource usage rate without changing the project duration

2.Two activities have common predecessor and successor activities. So, they can have common initial and final nodes

3.In respect of any activity whether real or dummy, the terminal node should bear a number higher than the initial node number

4.The optimal duration of a project is the minimum time in which it can be completed

Assume that A is the activity which has a successor named as S

5.Amount of time by which the actual completion of A can exceed its earliest expected time of completion without any delay of the project

6.Latest start time minus earliest start time of A

7.Value by which A can be delayed beyond its earliest start point without affecting earliest start time of S

8.Latest finish time of A minus earliest start time of S

Roma Ltd has $25,700 in cash with the issue of common stock dated Jan 1, Year 1.

The proceeds was used to purchase equipment for $25,700 and had a salvage value of $4,500 with 4 years life.

In the beginning of 5^th year, equipment was being sold for $4,980.

Revenue:

Year1=7,480

Year2=7,980

Year3=8,180

Year4=6,980

Year5=0

Compute:

A.Income Statement for each of the five years

B.Statement of changes in Stockholder's equity for each of the five years

C.Balance sheet for each of the five years

D.Statement of cash flows for each of the five years