Question: using the given information, provide an income statement (year by year as shown). 1st year 2nd year 3rd year 5th year Assets Revenue Cash equivalents

1st year 2nd year 3rd year 5th year Assets Revenue Cash equivalents Supplies Total Assets 60,000 3,000 10,000 73,000 102,720 4,000 2,000 108,720 4th year 144,257 183,756 5,000 6,000 3,000 2,000 152,257 191,756 210,324 7,000 2,000 219,324 Liabilities Taxes payable Other payable Total liabilities 4,380 18,620 23,000 2,662 36,058 38,720 3,943 68,314 72,257 5,765 95,991 101,756 6,321 101,456 107,724 Equity Shareholders Equity 50,000 70,000 80,000 90,000 111,600 Liability and S. Equity 73,000 108,720 152,257 191,756 219,324 Particulars 1st year 2nd year 3rd year 4th year 5th year Net Profit Less: increase in supplies 60,000 3,000 102,720 1,000 144,257 1,000 183,756 1,000 210,756 1,000 Add: increase in other payables 18,620 17,438 32,256 27,677 5,465 Net Profit after working capital changes 75,620 119,158 175,513 210,427 215,221 Less: taxes paid 4,380 2,662 3,943 5,765 6,321 Cash flow from operating 71,240 116,496 171,570 204,660 208,900 Purchase of supplies 10,000 8,000 1,000 1,000 - Cash flow from investing 10,000 8,000 1,000 1,000 - Add: Equity shares raised Cash flow from financing 50,000 50,000 20,000 20,000 10,000 10,000 10,000 10,000 21,600 21,600 Net Cash 111,240 144,496 180,570 215,660 230,500 1st year 2nd year 3rd year 5th year Assets Revenue Cash equivalents Supplies Total Assets 60,000 3,000 10,000 73,000 102,720 4,000 2,000 108,720 4th year 144,257 183,756 5,000 6,000 3,000 2,000 152,257 191,756 210,324 7,000 2,000 219,324 Liabilities Taxes payable Other payable Total liabilities 4,380 18,620 23,000 2,662 36,058 38,720 3,943 68,314 72,257 5,765 95,991 101,756 6,321 101,456 107,724 Equity Shareholders Equity 50,000 70,000 80,000 90,000 111,600 Liability and S. Equity 73,000 108,720 152,257 191,756 219,324 Particulars 1st year 2nd year 3rd year 4th year 5th year Net Profit Less: increase in supplies 60,000 3,000 102,720 1,000 144,257 1,000 183,756 1,000 210,756 1,000 Add: increase in other payables 18,620 17,438 32,256 27,677 5,465 Net Profit after working capital changes 75,620 119,158 175,513 210,427 215,221 Less: taxes paid 4,380 2,662 3,943 5,765 6,321 Cash flow from operating 71,240 116,496 171,570 204,660 208,900 Purchase of supplies 10,000 8,000 1,000 1,000 - Cash flow from investing 10,000 8,000 1,000 1,000 - Add: Equity shares raised Cash flow from financing 50,000 50,000 20,000 20,000 10,000 10,000 10,000 10,000 21,600 21,600 Net Cash 111,240 144,496 180,570 215,660 230,500
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