Professional Documents
Culture Documents
Net Sales
25,00,000
X1
1000000
X2
1500000
Total revenue
25,00,000
Cost of service
Preliminary expenses
30000
Administrative expenses
30000
Interest expense
Total expense
Income before taxes
Income taxes
Net income
10,00,000
500000
1560000
940000
90000
850000
ASSETS
LIABILITIES AND
OWNERSEQUITY
Current Assets
Capital
Cash in bank
Prepaid expenses
Stock
Salaries payable
20000000
2500000
500000
500000
Current Liabilities
Total Current Assets
53500000 Loan
50000000
20000000
20000000
Total Assets
7,3500000