GP GP Pec Earned Deferred

Sales - COGS GP / Sales Cash Collection * GP% Installment Recev. * GP%

Year 1 Jan-01 Installment Sales Dec-31 Bal Installment COGS Realized Profit Earned Profit Sales COGS 1st Installment Rec 300000 200000 100000

400000 150000 300000

GP GP% Realized Deferred

400000 100000 250000 150000

300000 400000 0.25 0.25

100000 0.25 62500 37500

GP GP% Realized Deferred

300000 100000 100000 200000

200000 300000 0.33 0.33

100000 0.33 33333 66667

Record sale of the land Installment Sales Rec Inventory Deferred GP Record cash collection Cash Installment Sales Rec Profit on cash collection Deferred GP Realized GP

300000 200000 100000 100000 100000 33333 33333

Points to consider The amount of deferred gross profit relating to installment AR collections 12 months beyond the balance sheet date should Recognized revenue = Receivable collection + Interest revenue if any For financial statement purposes, the installment method of accounting may be used if the ultimate amount collectible is ind

Sales Cost of land Cash collection

100000 70000 Y1 35000

Y2 40000

Y3 25000

Record sale of the land Cost Recovery Rece land Def. gross profit Record Y1 collection Cash Cost Recovery Rece Record Y2 collection Cash Cost Recovery Rece Deferred GP Realized GP Record Y3 collection Cash Cost Recovery Rece Deferred GP Realized GP

100000 70000 30000 35000 35000 40000 40000 5000 5000

25000 25000 25000 25000

ond the balance sheet date should be reported in the current asset section as a contra account.

ultimate amount collectible is indeterminate. Otherwise, the installment method of recognizing revenue is not acceptable for GAAP, and

e is not acceptable for GAAP, and the entire gain is recognized in the year of sale.

Acctg For Nonmonetary Excahnge Exchange of non-monetary assets be categorized into one of two groups: Those that have commercial Substance When exchange has commercial substance: If the future cash flows change as a result of exchange transaction The change can either be in the area of: Risk, timing ND mount of future of cash flows In other word, economic position of the two parties change as a result of exchabge FAIR VALUE APPROACH IS USED DR CR N New Asset (FV) O Old Asset (historical cost) A Acc. Dep old asset C Cash given C Cash Received G Gain L Loss General Rule: In exchange that have commercial substance, all gains and losses are always recognized. Its computed as difference between [FV BV "of asset given not received"] Foxy exchange car for building. Car Cost 102000 Acc Dep 62000 BV or CV 40000 FV 45000 Cash Paid 20000 Calculate Gain N A C L

Those that l

When exchange lack commercia If projected cash flow are not exp The following accounting method when FV is inderteminable General Rule: Loss should be recognized Not Recognized If No boot (Cash) received Boot (cash) paid

FV -BV Gain

45000 40000 5000

Example 1 Excahnge Machine A with B Machine A (BV=10,000) (FV=12,0 Machine B (FV= indeterminable) Cr

Bulding FV 45000 Cash 20000 Acc Dep Cash Received Loss O Car C Cash Paid G Note FV Equal FV+Cash Received 38000 FV

Dr 65000 62000

127000

102000 20000 5000 127000

Example 2 Excahnge Machine A & 2,500 wit Machine A (BV=10,000) (FV=12,0 Machine B (FV= 14,500)

38000

Example 3 Excahnge Machine A with B & 2,5 Machine A (BV=10,000) (FV=12,0

-BV Loss

40000 -2000 Dr 58000 62000 0 2000 Cr

Machine B (FV= 9,500)

N A C L

Bulding FV 38000 Cash 20000 Acc Dep Cash Received Loss O Car C Cash Paid G Gain

102000 20000 122000 122000

Example 4 Excahnge Machine A with B & 6,0 Machine A (BV=10,000) (FV=12,0 Machine B (FV= 6,000)

Example 5 Excahnge Machine A with B Machine A (BV=10,000) (FV=8,00 Machine B (FV= 8,000)

Those that lack commercial Substance When exchange lack commercial substance: If projected cash flow are not expected to change significantly The following accounting method must be used also the acctg method is used when FV is inderteminable General Rule: Loss should be recognized Gain as folllow: Not Recognized If No boot (Cash) received Boot (cash) paid Recognized If Boot (cash) Received Equal or exceeds than 25% -> of the consideration received Less than 25% of the -> of the consideration received Step 1 Step 2 All gain recognized Types of invluntary: 1. Fire loss 2. Theft 3. Condemnation

Invo

Whenever nonmonetary assets a or losses are recognized for finan

Example: Company A received a condema A company's building. At that tim 75,000. Calculate gain/ loss and prepare Condenmantion BV of building Gain Cash Building Gain on involuntary conversion

Proportional amount of gain recognized

FV Old Asset - CV Old Asset = Gain (A) Boot Received / FV of old Assets (B) Gain Recognized= (A) * (B) No boot, then no gain is recognized Gain = 12000 - 10000 = 2000 not recognized Dr Cr Machine B 10,000 Machine A 10,000 boot paid, then no gain is recognized Gain = 12000 - 10000 = 2000 not recognized Dr Cr Machine B 12,500 Machine A 10,000 Cash 2,500

Excahnge Machine A with B Machine A (BV=10,000) (FV=12,000) Machine B (FV= indeterminable)

Cost of Removal and clan up cos

If the transactions involve; (1) th Gain will be recognized in incom Carrying amount of property con

Excahnge Machine A & 2,500 with B Machine A (BV=10,000) (FV=12,000) Machine B (FV= 14,500)

Excahnge Machine A with B & 2,500 Machine A (BV=10,000) (FV=12,000)

boot received less than 25%, % gain recognized Gain 12000 10000 2000 Ratio 2,500 12,000 0.21 less than 25%

Machine B (FV= 9,500)

Gain Recog

2000 Dr 7,920 2,500

0.21 Cr

420

Machine B Cash Machine A Gain

10,420

10,000 420 10,420

Excahnge Machine A with B & 6,000 Machine A (BV=10,000) (FV=12,000) Machine B (FV= 6,000)

boot received less than 25%, % gain recognized Gain 12000 10000 2000 Ratio 6,000 12,000 0.50 less than 25% Gain Recog 2000 1 2000 Dr 6,000 6,000 Cr

Machine B Cash Machine A Gain

12,000 Excahnge Machine A with B Machine A (BV=10,000) (FV=8,000) Machine B (FV= 8,000) Loss Full Recognize 8000

10,000 2,000 12,000 10000 -2000

Machine B Loss Machine A

Dr 8,000 2,000 10,000

Cr

10,000 10,000

Involuntary Conversion Types of invluntary:

3. Condemnation Whenever nonmonetary assets are involuntary converted into cash, full gains or losses are recognized for financial accounting purposes

Company A received a condemantion award of 100,000 for the forced sales of A company's building. At that time, A company's building had a book value of 75,000. Calculate gain/ loss and prepare the JE. Condenmantion BV of building 100,000 75,000 25,000 100,000 75,000 Gain on involuntary conversion 25,000 Gain will be recorded in income from continuing operation

Cost of Removal and clan up cost should be added to carrying value not fair value of the assets and charged against condemination recei

If the transactions involve; (1) the condemnation and (2) the replacement. Gain will be recognized in income from continuing operation proceeds - carryin amount Carrying amount of property condemned = Replacement cost > Condemination carrying amount excess is carrying amount 50000 > 30000 then carrying amount of condemned proper

rged against condemination received.

ess is carrying amount ng amount of condemned property is 20000

Accounting for Partnership Admission of Partner 1. Purchase of Sale of existing partnership interest. No JE 2. Formation of Partner FV of Assets Contributed PV of Liabilities Assumed Partner Capital Account 3. Creation of new partnership interest with additional Investment Capital 1. Total partnership capital does change 2. Purchase price can be more, equal,or less than book value More Bonus to exist Equal No Good will or Bonus (Exact) Less Bonus to new Exact Method: T.Equity of Existing Partner / No. of Existing Partner Partner A B C Capital 20,000 30,000 50,000 A.B. & C decided to Admit D for 25% interest in the new partnership IF D pays BV, how much should D contribute in order to have 25% interest? a 20000 b 30000 c 50000 solution 100000 3 33333.33

Bonus Method: Partner A B Capital 30000 10000 Share % 0.6 0.4 C invest 35000 one third No goodwill Solution: A B Total C Total 30000 0.6 10000 0.4 40000 35,000 0.3333333 75000 25000 75000*.33333 35,000 25,000 10,000 6000 4000

Interest less than amount contributed Bonus to Existing New Partner Pays More than VBV

Invest Pays Actual Interest Bonus to exist To A 0.6 To B 0.4 Bonus Method: Partner A B

Cash Capital C Capital A Capital B

Dr 35,000

Cr 25,000 6,000 4,000

Interest more than amount contributed

Capital Share % C invest Solution:

30000 10000 0.6 0.4 14000 one third No goodwill

Bonus to New New Partner Pays less than NBV

A B Total C Total

30000 0.6 10000 0.4 40000 14,000 0.3333333 54000 18000 75000*.33333 14,000 18,000 -4,000 -2400 -1600 Cash Capital A Capital B Capital C Dr 14,000 2400 1600 Cr

Invest Pays Actual Interest Bonus to C From A 0.6 From B 0.4 Goodwill Method Partner A Capital 30000

18,000

B 10000

Admit C for 35,000 for one third interest Implied Value (35,000 * 3) T.Partnet Capital AC (30000+10000+35000) Goodwill Recognized A 0.6 B 0.4 105000 75000 30000 18000 12000

Cash Goodwill Partner A Partner B Partner C

Dr 35000 30000

Cr

65000

18000 12000 35000 65000

Profit & Loss Distribution Income & loss in partnership are distributed in accordance with their agreement, and in the absence of the agreement the profir and loss are shared equally irrspective of what their capital reflect or amount of time each partners spent in partnership. Unless the partnership agreement specified otherwise, interest on capital, salaries, and bonuses are deducted prior to any distribution of profit. Such payment are provided in full, even in a loss situation.

Example: Partner Capital

Int on Cap

Salary Bonus

A 30000 0.08 10000 0

B 60000 0.08 0 0

C 90000 0.08 0
.15 of profit

Profit Share

0.2

200000 0.3 A

0.5 B 4800 0 0 4800 43680 48480 C 7200 0 30000 37200 72800 110000 200000 -14400 -10000 -30000 145600

Profit 0.08 Salary bonus Profit T.Dist

2400 10000 0 12400 29120 41520

Liquidation of A Parnter A 0.5 15000 10000 B 0.3 0 20000 C 0.2 5000 20000

Advance Capital

Cash Noncash
Liab. Creditor

20000 75000 25000

125000

65000

Advance cash Noncash 20000 75000 125000 -75000 145000 0 -25000 120000 0 -20000 0 100000 0 -100000 0 0 0 cash Noncash 20000 75000 65000 -75000 85000 0 -25000 0 60000 0 -20000 0 40000 0 -40000 0 0 0 cash Noncash 20000 75000 15000 -75000 35000 0 -25000 0 Liab 25000 0 25000 -25000 0 0 0 0 0 Liab 25000 0 25000 -25000 0 0 0 0 0 Liab 25000 0 25000 -25000 A 15000 0 15000 15000 -15000 0 0 0 A 15000 0 15000 0 15000 -15000 0 0 0 A 15000 0 15000 0 C 5000 0 5000 5000 -5000 0 0 0 C 5000 0 5000 0 5000 -5000 0 0 0 C 5000 0 5000 0 A 10000 25000 35000 35000 0 35000 -35000 0 A 10000 -5000 5000 0 5000 0 5000 -5000 0 A 10000 -30000 -20000 0

Sales of noncash asset

Capital B 20000 15000 35000 35000 0 35000 -35000 0 B 20000 -3000 17000 0 17000 0 17000 -17000 0 B 20000 -18000 2000 0

Pay the creditor

Pay partner

Pay Capital

Sale of noncash asset

Pay creditor

Pay Advance

Distribute to cash

Sale of noncash asset

Pay creditor

Advance to A

Divisionof A deficiency

Divisionof B deficiency

10000 0 10000 0 10000 0 10000 -10000

0 0 0 0 0 0 0

0 0 0 0 0 0 0

15000 -15000 0 0 0 0 0

5000 0 5000 5000 5000 -5000

-20000 15000 -5000 5000 0 0 0

2000 0 2000 -3000 -1000 1000 0 0

Order of Preference regarding distribution of assets:

When the solvent partners are dissolved, and assets are reduced to cash, the cash must be used to pay partnershi first the creditors, including partnership creditor, must be paid before non-creditor partners. Then partners' capita right to offset between partner loan to and from partnership and thatpersons' capital exists in liquidation.

Losses must be provided for liquidation before any distribution made to partners. Losses in partnership are charge against partners' capital in accordance with partnership agreement, in absence of partnership agreement, the loss are shared equally.

The general procedure in liquidation is that all noncash assets converted to cash, all liabilities are paid, the remain any, are distributed to the partners.

Liquidation of partnership assets results in gain or loss realized and loss realized resulting in capital deficiency. A c deficiency is debit balance in partners capital account. If partners with capital deficiency has a loan, the partnersh legal right to offset and may use loan to satisfy capital deficiency. If deficiency still exists, the remaining partners m absorb the deficiency according to their profit and los share.

unt contributed

mount contributed

in the absence of the ect or amount of time

nd bonuses are n a loss situation.

15000

Capital C 20000 10000 30000 30000 0 30000 -30000 0 C 20000 -2000 18000 0 18000 0 18000 -18000 0 C 20000 -12000 8000 0

8000 0 8000 -2000 6000 -1000 5000 -5000

ust be used to pay partnership's artners. Then partners' capital, exists in liquidation.

ses in partnership are charged tnership agreement, the losses

abilities are paid, the remainder if

ting in capital deficiency. A capital ncy has a loan, the partnership has sts, the remaining partners must

Financial Reporting and Changes Prices Appreciation Cost Historical Current Inflation Dollar Nominal Constant

Historical Actual exchange value in $ at the time Current Cost incurred at present time - replacement cost Nominal unadjusted for changes in purchasing power Constant $ restated based on calculation f CPI Neither Inflation HC/ND HC/CD based on historical price without restatement for changes in purchasing power dollar - GAAP based on historical price adjusted for changes in purchasing power of dollar Uses general price index to adjust historical cost based on current cost without restatement for changes in purchasing power of dollar. based on current cost and adjusted for changes in purchasing power of dollar Uses specific price index or direct pricing to determine current cost, and Uses general price index to general purchasing power Holding during Inflation Purcahsing power loss Purchasing power gain Monetary Asset PP G/L Inflation No Yes No Yes Holding during Deflation Purchasing power gain Purchasing power loss Nonmonetary Assets PP G/L Appreciation No No Yes Yes

Appreciation CC/ND Both CC/CD

Monetary Items Inflation

Assets Laib

HC/ND HC/CD CC/ND CC/CD

sing power dollar - GAAP f dollar -

g power of dollar. of dollar and

ng during Deflation hasing power gain hasing power loss

netary Assets PP G/L Appreciation No No Yes Yes

Neither Inflation Appreciation Both

Foreign Currency Accounting FC Transaction FC Translation Transaction with foreign entity donimated in foreign currency Conversion of FS of foreign entitiy into FS expressed in domestic currency

Exchange Rate Price of one unit of currency expressed in units of another currency Direct Method Domestic price of one unit of another currency Euro 1 = $0.55 Indirect Method Freign price of one unit of domestic currency Euro 1.8 buys $1 Current Exch. Rate Forward Exch. Rate Historical Exch. Rate W,Avg Exch, Rate Reporting currency Functional Currency FC Remeasurement FC Translation Foreign FS Translation Translation Method I/S Revenue WA Expenses WA NI Transfer to RE B/S Asset Liab CS/APIC RE Plug Exchange rate at the current date Exchange rate existing now for exhanging two currencies at specified future date Exchange in effect at the date of issuance stock Used for income statement translation Always US Dollar Local currency or US dollar

Restatement of FS denominated in Foreign currency to functional currency prior to transla Restatement of FS denominated in functional currency to currency of reporting entity

Current/Year end Current/Year end Historical Roll forward Accumulated Translation Adju

Remeasurement Method

I/S Revenue Expense non-B/S Expense B/S Plug

WA WA Historical Currency Gain/Loss

IDEA

Functional Currency

Local currency qualifies as foreign entity functional currency - it must be the currency of primary economic enviro all of the following must exists: 1. Foreign ops self-contained within with country 2. Day to day ops don't depend on investor functional currency 3. Local economy of foreign entity is not highly inflationary FS of "K Corp" foreign Sub of "D Corp (US company)" are shown below. Assumptions 1. Parent organized sub on Dec 21, 20X0 2. Exchange Rate:

FS of "K Corp" foreign Sub of "D Corp (US company)" are shown below. Assumptions 1. Parent organized sub on Dec 21, 20X0 2. Exchange Rate: Dec 31, 20X0, Mar 31, 20X1 April 1, 20X1, Jun 30, 20X1 Jul 1, 20X1 - Sept 30,20X1 Oct 1, 20X1 - Dec 31, 20X1 Weighted Average

0.18 0.13 0.10 0.10 1.275

Sales Cost & Expenses COGS Dep Exp Sell Expense Other operationg Expense Income Taxes Expense Total costs and expenses Net Income Stmt of RE Retained Earning. Beg Net Income Retained Earning, End B/S - Assets Cash A/C Rec Inventory Fixed Assets Accumulated Dep Total Assets Liab & Stockholders Equity A/C Payable Long-term debt Common Stock, 10,000 shares Reatined Earnings Accumulated Bal of OCI Total Liab& Stockho;ders Equity

525,000 400,00022,00031,00011,00019,000483,00042,000

Translation 0.13 66,938 0.13 0.13 0.13 0.13 0.13 0.13 0.13 51,0002,8053,9531,4032,42361,5835,355

42,000 42,000

0.13 0.13

5,355 5,355

10,000 50,000 95,000 275,000 22,000408,000

0.10 0.10 0.10 0.10 0.10 0.10

1,000 5,000 9,500 27,500 2,20040,800

34,000 132,000 200,000 42,000 408,000

0.10 0.10 0.18 <Plug>

3,400 13,200 36,000 5,355 17,15540,800

Changes in Exchange Rate

Foreign exchange transaction gain or loss will result if the exchange rate changes between the time of purchase o currency and the time of actual payment

Foreign exchange transaction gain or loss that is recognized in current net income must be computed at each bala recorded transaction of foreign currency that have not been settled at the balance sheet date. The difference bet used in recording the transaction and exchange rate at the balance shet date is an unrealized gain/loss on foreign

Assets and liabilities resulting from foreign exchange transactions should be recorded at the rate in effect at the d

12/1/Yr1 "O comp" purchased goods on credit for 100,000 pesos. "O comp" paid for goods on 2/1/Yr2. The excha 12/01/Yr1 12/31/Yr1 02/01/Y2 Goods A.c Payable 100000 A/C paybale FX gain FX loss A/C Payable Cash 0.02 0.1 0.08 0.09 10000 10000 2000 gain 2000 2000 1000 8000 9000 0.2 -> (0.1 - 0.09)

tic currency

uro 1 = $0.55 uro 1.8 buys $1

pecified future date

onal currency prior to translation ency of reporting entity

urrent/Year end urrent/Year end

ccumulated Translation Adjustment PUFE B/S Monetary Nonmonetary

Current/Year end Historical Rate

y of primary economic environment of company operates, and

Remeasurement 0.13 66,938 0.13 0.18 0.13 0.13 0.13 Plug 2 51,0003,9603,9531,4032,42362,7386,853 11,053

11,053 11,053

0.10 0.10 0.13 0.18 0.18

1,000 5,000 12,113 49,500 3,96063,653

0.10 0.10 0.18 Plug 1

3,400 13,200 36,000 11,053 63,653

ween the time of purchase or sales of foreign

ust be computed at each balance sheet date on all heet date. The difference between exchange rate realized gain/loss on foreign currency ( IDEA).

d at the rate in effect at the date of aqcuisition.

goods on 2/1/Yr2. The exchange rate

On a personal statement of financial condition, estimated income taxes equals the difference between fair values liabilities. On personal financial statements, all items are reported at their fair market values (estimated current values).

Personal financial statements usually include a statement of financial condition (similar to a balance sheet) and a (similar to an income statement). A business interest that constitutes a large part of an individual's total assets should be presented in a personal st single amount equal to the estimated current value of the business interest. Net assets are presented at FMV rather than: A. Individual assets and liabilities at cost B. Total assets and liabilities at cost C. Proprietorship equity at cost Rule: Assets are reported at estimated fair value. Ink stock at buyout value (fair value) Jewelry at fair value Total 675,000 70,000 745,000

Note - Any tax liability due upon the sale of appreciated property would be disclosed separately as a ''deferred ta against the estimated fair value of the asset.

he difference between fair values and tax bases of assets and

es (estimated current values).

(similar to a balance sheet) and a statement of changes in net worth

ould be presented in a personal statement of financial condition as a

osed separately as a ''deferred tax liability'' and not ''netted''

Statement of Cash Flow Purpose: Possible information about sources and uses of cash and cash equivalent

Cash & Cash Equivalent "Change in cash" SCF reconciles the cash and cash equivalent amount presented on the beginning B/S to amount presented on the

Cash Cash equivalent

Actual cash Quickly convertible into cash and maturity of 3 months or less

Methods of Presenting SCF

Regardless of the method used, Investing and Financing activities are same. Only operating activities and required Direct Operating activities shows all major cash collection and disbursement Reconciliation of net income to CF from operating activities is required to be in different schedule

Indirect

Report operating activities indirectly, by adjusting net income to reconcile to net CF from operating ac

Sections of SCF

Operating activities Major classes of cash receipt and disbursement are presented in gross and totaled to arrive to CF from

Inflow "Receipt" Cash received Interest Received Dividend Received "if paid Financing" Other receipt "such insurance proceed & law suit settlement" Cash received from sales Trading Securities "AFS & HTM is investing" Cash collection Sales to customer + Decrease A/R Increase A/R + Increase Unearned Revenue Decrease Unearned Revenue

Direct Method Outflow "Disbursed" Cash paid to supplier Interest Paid "Principal Paid Cash paid for rent, utilties, e Income Tax paid " deferred o Cash paid to acquire Tading Cash Paid

Asset has negative relationship Liability has positive relationship

+ + + +

Cash received from customer:

Cash Paid to Supplier

Cash Sales

XXX

Plus A/R Write offs Cash Collection

Step 1 Step 2 Cash Purchases XXX

Beginning A/R Credit Sales Ending A/R

XXX XXX XXX

XXX XXX

Cash Paid

Add

NI Depriciation/ (Amortisation discount) Loss - Sale of PPE or Long term Investment Decrease in Assets Increase in Liabilities Amortisation Premium Gain -Sale of PPE or Long term Investment Increase in Assets Decrease in Liabilities

Indirect Method XXX XXX XXX XXX XXX (XXX) (XXX) (XXX) (XXX) less XXX

Subtract

(XXX)

Net Cash Flow Provided/Used From Operating Activities Provided if positive Used If negative

XXX (XXX)

Investing activities Inflows Disposals AFS & HTM Securities Disposals PPE Outflows Acquiring AFS & HTM Securities Acquiring PPE Making loan to other entities

Financing activities Inflows Issuing Stock Owner-Oriented Outflows Repurchase Stock Paying Dividend Creditor-Oriented Inflows Issuing bond, note & other borrowing

Non-cash Investing & Financing

Information about material non-cash financing and investing activities should be presented in a separate disclousr Examples of non-cash investing and financing activities

Purchase of fixed assets by issuing stock Purchase of fixed assets through Capital lease Exchange non-cash assets to another non-cash assets Conversion of bond to equity - Each conversion should be disclosed separately Some useful formula to help solving question Bond Redeemption = Beg Bond Payable + Bond Issued during year - Ending Bond Payable

to amount presented on the ending B/S.

rating activities and required disclosure are different

be in different schedule

e to net CF from operating activities

d totaled to arrive to CF from operating activities.

ethod Outflow "Disbursed" Cash paid to supplier Interest Paid "Principal Paid is Financing" Cash paid for rent, utilties, etc. Income Tax paid " deferred or current" Cash paid to acquire Tading Securities "AFS & HTM is investing"

COGS Increase Inventory Decrease Inventory Increase Prepaid Increase Prepaid Decrease A/P Increase A/P Expenses

Asset has Positive relationship

Liability has Negative relationship

Cash Paid to Supplier

Beg Inventory + Purchases - End Inventory = COGS "Solve for Purchases" Cash Purchases XXX Plus A/P Beginning A/P XXX Purchases "step 1" Ending A/P XXX XXX XXX

Cash Paid

Method Asset Cost Accu. Dep NBV Selling Price less NBV Gain/Loss Investing operating

Creditor-Oriented Outflows Payment of Principal

sented in a separate disclousre.

y1 500 1000 400 200

y2 700 300 700 500

y3 500 0 900 1200

500 1500 0.333333 500 166.6667

1200 1500 0.8 500 400 233.3333

1700 1700 1 300 -100 300