123456789
9 2523












%&'()*+,-.//,)01,203+,.4,-+,-(.1, 

405,603+,01'+5,7+560),05,603+,
01'+5,1.3+8,9+,(5+,1'+,0)+6,-+,
'(:+,;++),-(.1.)*,4058,9+,(5+,1'+,
2'()*+,1'(1,-+,6++<8=,,







 !"#$ "

<

12345346


89
   
89
   
89
"#$   
89
&'(   
89
+,--.-   
89
123-4-5  
89
7899:-;-4-











































 !
 %
)**
*/*0
*6/
//6

012345689
9 1412651543389
939
412419 14121
8411691012345699 1441
49854 491546
9332 51 54155
1
5533599 1412959
1645
569
9
553
1
54333
16312 2
399 14121
45
59515 4915419 14128435
012345689
9 14129154559851 1456341246488
1415
989 14120
 1491545598541932613
1
5433959

455419

66433 414663
956
455
8
6 14433243
1
5
431932646613
9

950123456459412149
1312 2419
3480123456
4125
91
8 399
 14456426
9949159
1543359

3489
14128 36
89
645994549
4125 1554 
58 319326643366159
4556993!
5615
96
4
41269
55 1543369
615419

9
5 9

369 2669945542141569
 14549
5335431598
9 1412843" 1543366619
455412
44121
94123 34915466 34846
5695
4101234561
9 14125 
#



8

9
:

;

9
<
;

=








>>>?@AB>CD>

EFF@GDHCDI>

EFF@GDHEDH>


345678
          
!7"#$ %&  ' (
34567) *+  ,+ -,+ .(  
!7"#) /(    & & &   , /  -
     ,0   .( & 
  0 /(   ,+ &+ &
   
34567) 1++ .(  (  ,, & 
!7"#)   ,,   ,0  , &+ &  

34567)  ( &+ & ,   2   
!7"#) 3 & -,+ 0  &+     ,
,,0 0
34567) 1(   &
!7"#) 3 4  &   0 &   0
5     +&  2  /(   
, 0  , &+ 
34567)   /(  0 (
!7"#) 36 .+ 7+ &+ &    &  (0  

1245679
6 79
22
245679
6 79

9
22
245679
7569 
6 79
22
2459
7
9696676
22
2456766 79 79

22

!



"

$NNAON)P)0Q$RQ0QOQAN)S)9TUAV=N)AWXQOY


$%%&'%()*79

9+
9

75676,656766 -)

9
76.6
5.97.+ 99
./ 972
0123141'1&%()5 7
,7 7
9
.
56
7
66+.6 766+.)
+
66+265
67,6
69
797
2896+9979
66
9 
76997
.
56
9767+6672
9:;&<=%)&>?1'@()6597
775,
9679
2
65
75+6
97
67+6 676679
59675
6 79/ 6792
659
/ 679


75/ 697756

7

9,9757569
75
97
6,
7575
92
AB
CD4&)E
 25

75676+
9

,6

7
F1GG.GGG.,97
FHG.GGG.6
,75,FG.GGG2656 79/ 679, +I
 5

7
J896+9979
KL,M
/ 97
F1GG.GGGJFHG.GGGKFG.GGG


345678 92349
966 6
876866
8 698686
886

4696 75348686968
497866347
6
 68

4
8985734 6
6
989 9

489
98
6834 
689865
496569349
966 6
86686
6 68
9
  6
66686868 69  
6



65856785766
8
6!
9656865
66889
98
89
66589799
66
"##6666566969
59689897
6 9#6
86
568988689#696
$3%&&&&44'89986598686686 965
966
8665
$%&&&&44886669
89
87#$%&&&&44(
686)7#*8665996#6876 8664'8866
59

9
8
65986669
888996$%&&&&4488689
5
9
84$%&&&&447##66
6586596686689
98
9
967866659
5986584+9 6
8 956$%&&&&44,966
8665

86689
5$5678%569
9
89
59 6
86665$-%
&&&&44
8689
5564
"##66665959$.%&&&&4488686867856
9
9
87# 984/
 87
6$0%&&&&4486665
666
5867697$31%&&&&449
59869$33%
&&&&449#
65
9 6
84







CONSOLIDATION
SUMMARY
1.
2.
3.
4.
5.
6.

The four phases of accounting are:

The accounting equation is: .
Items owned by a business that have monetary value are known as
.is the interest of the owners in business
Money owed to an outsider is a(n) .
The interest of the owners in an enterprise is known as ..

EXERCISE
During the month of January, Mr. Alan Bagon, lawyer
1. Invested $5,000 to open his law practice
2. Bought supplies (stationery , forms, pencils.) for cash $300
3. Bought office equipment from Altway Furniture company on account, $2,500
4. Received $2,000 in fees earned during the month
5. Paid office rent for January $500
6. Paid salary for part-time help $200
7. Paid $1,000 to Altway furniture Company on account
8. After taking an inventory at the end of the month, found that he has used
$200 worth of supplies
9. Withdrew $300 for personal use
Assets

Liabilities + Owners equity

Unit 1: Introduction to accounting

345678
        
7!8 "# $  %&   %     '
%% & %  % ' & #
345678 (      ' &%  ' 
  ) 
7!8 *+#
345678 ,       +  
7!8 -'  )        ' 
%#
345678 .    % '  
#
 
7!8 . ) % '   %' '   '
& '  #
345678
/   &  %% & %   ' % '

 # , 0   %% & %
7!8 (         &    #
345678 ( # .   % ' % 
7!8 ,)       123 ' &
#
345678 -  4
 # .   4 '  
7!8 , '   &    ' %
'   #
345678 ,  '  0#
7!8 5) 06

1245679
756
9 96 
76 79
22
245679
7697 

22
2 !667
9
 7!66 79 
7"9! 
7#!6
22
$245679
75%67997 
7 
22
&57%
79
756775 6
9

6
'
99 66(
)*+,-./012034056/01578360)9:8;1/+<0
)=+,-./01203406>?1/4<0

&5
9!66 6

7
669
7969979
6 
@%97A9
756 79%6799
9
9 9779 !76

2B
"1#4!
7' 75766!79 !67576 5C

7599%
79
"#D79
 

6776977566!76 56

7A969976 @

%976 76775759
&59
9!6799
9(
"1#759 !
767!76"#7566 
572
EFGHIJGKLMNOJGPQRQJOJLQ
&59 !
767!7!696
6
!!675AC

6
79 !7

75
9

7976
 99 979!2&59

!66
 66976


767!7A679
767!7
767!7
679
2
SJTJLUJVG&59 6
9 6976
79!75
6
9G

9 
75
9

2D6!7A759
%6775 6
56
 96
699 !
67975


9 
2



234567578








 


!"

#

$



%
 






!




&5' (6)*+58





%!
%






%


%
#


%





23,+4-5

.-,6 /,0*6

16)*+5 7','5+56'

2*6'3 *4 5,66,789 :;<=

>
!



?@"AAA

B
#




C
#

?DAA



E
#

@AA



E
#

@AA


B
#


FAA

G
!



?H"HAA

/I J35 K,-,6)5 7355'




!


%


!
L

"



L
$
%





%




!
!



!
%
%


!
%

%
 





"





!M
%

%





 


"


%

"
"

L


$


 


23,+4-5

.-,6 /,0*6

/,-,6)5 7355'
NEEO
E








P



?Q"RAA


E



HAA


O$!



@"DAA











TNUT
OE
NGV
BWGOCE
OXY
Z


N



?H"DAA


P"
[
SH"HF\]


D"]AA


T

BL
$

?R"SAA














?R"SAA

12567879
 

!"#$%&'()*+,)-+..)&(/+0*-.)'12"334
/0+50,,+)*'
6787769999 :;<9:=>?@A<B9A<B9><;9
67C7769999 :;<9D>E<:9>=9>=9><;999
),.F0)/,0)*-.)G+,)00)*G)0),5H
67CII999999 :;<9D>E<:9@EJ9@EJ9K+,:;<9D>E<:9@EJ:L9@EJM99
N+)+)0G+G)5
7C7O99 P;Q>9D>E<:9>=9RES;9TU9>=9D>E<:9>=9RES;99999
V,/,.F0)/,0,*-.)G+,),+/.+5,0)*W)
+0.).F0'
9X6YCO79 :Z;[S;9D>?<B@9RER:L99
6C\]:^@9@>_;Z=;Q;9`;:Z;;<9abcdd9A<B9abcefbg
YC\h>>i89E:^@9[;@@9:=A<9jbjjjfgk9]:^@9=AQB[L9Z>Q:=9Z>QQLE<l9A`>?:C9
mC\]9n=A<l;B9A[[9:=>@;9L;<9E<:>9@:;Q[E<l9A<B9]9><[L9l>:9ofabpjk9
qC\r=A:^@9A`>?:9fcbsj9E<9tZE@@9RQA<n@9K6MC9
OC\uEB9L>?9@AL9jbvvs9>Q9jbvvew9
IC\r=;9B>[[AQ9E@9A:9fbesC9
xC\y>89]9_;A<:9fsbjjs9<>:9fszjjsC{9
|2}~8786~88


6Ym9KE<9QE:E@=9<l[E@=M99 9 ggTgUgggUg
6Ym9KE<9_;QEnA<9<l[E@=M9 9 ggTgUggUg
r=;9<?_`;Q9689E@9@AEB9 TgTggUgggg
r=;9L;AQ9Y7779E@9@AEB9 9 9 TgTg
r=;9L;AQ9Y7769E@9@AEB9 9 9 TgTggTg
g
g

12356789
223 5
8

5
!"#$!%&!$'()$$(%
*&$+,$--..(#(!$(
/0#.$11'2(31(3$'((#*---
45'!67+#(!(!8---8---9
:
;<=(#$#>?#!1!=3(#
;@(!=!$#>#!1!=3(#
A#?$!#(=$116(#!1!=3(#B..$'8C$'8$(!$$'#DE>
F F GFHFIJFFKFLMNOPF F F F QFHFRJF$F..$'SF F F F
  IFHFTUQ>$'#((VWXY.#C$ 
<$?(8'(2(#8$'(.11!,>
KFMKZ[FB\*EFFFFFKF]^KOL_OFB\4EFFFLMO__F]^KOL_O`FB/\4EF FFLMO__FKaPFKFMKZ[FB/\*E
:
*/\>$!$'#((..$'
b\*>!(!'1.
* JF$FcVdceXdfVgXYdVhFC
:
i(=(=3(#$j#!!?($'(kl!k(m1lknl&$!,1#o$'(j#$!$'(
1(.$(m1$'(j#$!$'(#,'$
-p4q4 $(!rZ^`F.#.#$((!
   $(!KaP.#(m1.#$((!
-s4qb $(!tNa^`.#C
   $(!LKu_FKvKwF.#(m1C
-x4q4- $(!LNt_`F.#B#(m1E.#$
   $(!t^ZLNrZN_PFyw.#.#$
-z4q*\* $(!PN{NP_Pyw.#$!'1.



1234256789623

 
!"#$%&''''''''
(
&)$*$!%&''''
+
-$.*)$'''!''''
,/&
!))$"&!0*%&''''''''
1"#''' !''''
2324526
7$*$"!)##&-)$ 8)
9:,;9<<<9.**#0*9:=9<<<9#$0*:(9<<<9
##.0*:>9<<<
?@ABCDEFGHGDCD@GE


























QR@DSTFEDUVWGXE




















(I !)##&-)$ 9!$*#)J"$

,9K0;8)$*$!:;9<<<9!$&-:=9<<<L*#MN.$O9
(<,P:(<9<<<
6

,7$*$)&$YZ.O!"#)J"$,9(<,
)$)##&-!8
[.*O"#8:,9<<<:,9<<<\9/<<
] 8/9<<<
/9<<<J$&-<9(<<
^Z.*8=9<<< =9<<<] *#9N.$O9(<,8/9<<<
\*O"#8(9<<< (9<<<
(<<
6+.**#8(<<

>?@A?BAC
DEFGHI JI KELI MIL NEFGOI PFQI GHI
REHI PSIPI QT UESPI SIPQV WEI XHILI


46789
89 68 98
966799
96


6966799869 66



46 68
9669

6998
!!98 98

"4"74

89#976

$$$$

%&'()*+,+9-.69/
0&123*.696 46564.9 9
4698 976
%&'()*!4/
0&123*67  9797
979
468.66444-
969
9986649648/
%&'()*9:96986789 6694-469849 
-4;9969
99866:9747 .6
6-44-494
77
0&123*8:969/
%&'()*<9 969=768689  97:9-9
8:
9697.694
69

2345679
 



3!"#7$
%&%'
()

*(%)

234567+,-


&

3!"#7.*&


&


&

/
%()
(
*
%&
01
&

234567231
&
*&%
3!"#74%
&3





(

4(

53
&(



&

'3
%

(


&*



67879:;<=>?@A7<B:C<9:B7D<6@9<?@9E@9:B7<=>?@A7<
FGHIJ*&
K2

7
LMNMOPQ.RSTUVQ.
WMXYRSMP.ZMN.XMZQ.



[H0[\H*HHH
[\H*HHI0[`\*HHH
[`\*HHI0[IHH*HHH
[IHH*HHI0[JJ\*HHH
[JJ\*HHI0[IH*HHH*HHH
[H*HHH*HHI0[I\*HHH*HHH
[I\*HHH*HHI0[Ie*JJJ*JJJ
+1[Ie*JJJ*JJJ

]^_.
a^_.
bc_.
bd_.
bc_.
b^_.
bf_.
b^_.

23456749
4633
474

47567
734

7563743497
3
6

47

434

756373
9597!95
7
49
4
7633
453
"4
7
44974

47

75
#549737$4
5637437"7

674

47
53
43% 
&'()*')+,-+.-,*/)0/*)'1/2,*304)12'53*),5*/2)*,6)70'1,*8)

)
9:;<=!4
37
573754774
4
7
>?@ABCDEFGH5I7437674"69
7
633
473#9569"57J
7674!975I74355497K7674635777

4
474

674
L9
454973M
47$4
"57N
O:PQRSDTGUK
>?@ABCDEVG!97L74W33
4539
55334

75637

L9
4549763
"M77
56374
53497"7
N
 H749757675I7

5453
55335477456373
373543#L9
454974
3495547745637N
O:PQRSDTRG
U

X

:YZ[\Z]^_`Zabc\
d:YZ[\efZbgcY\
:YZ[\c]Zh_^a\
%:YZ[\c[cijY\
:YZ[\c[_kc\
K:Y^\Ze^k_hl\YZ[\
U:Y^\_ij^hc\YZ[\

mnopqrpsrtupvwxrowsmspyurz{p|syz}~pzymzrmopso
nypwsyzp|{rmsrtympsopqryuws
{nturs}p|psyumxrypm}ymps{rzymwsws{pqr
nyp{ms{rvmym
rnyrvvo}p|tumymqp|syp~ymypm}morpsws{pqr
~nyz}wsspyypm}ymvrmv
nyz}spyypm}ymwvvrmv

2. Use words from the box to fill in the gaps

bracket

breaks exempt

exile

increase

property

1. The government needs more money, so it is planning to ..taxes.

2. He earns a lot of money he must be in the highest tax.....
3. She lives there because she has to shes a tax ....
4. She is a student, so she is tax ..
5. The government is planning to introduce new tax ...for IT companies.
3. Choose the correct words to complete each sentence
1. The tax on wages and salaries (and business profits in the US) is called
In Britain the tax on business profits is called corporation tax.
a. direct tax

b. income tax

c. wealth tax

2. A tax that is levied at a higher rate on higher incomes is called a ..tax

a. progressive

b. regressive

c. value-added

3. Property taxes, sales taxes, customs duties on imports, and excise duties on
tobacco, alcoholic drinks, petrol, etc, are .taxes.
a. direct

b. indirect

c. value-added

4. Gifts and inheritances are usually liable to a .tax.

a. capital gains

b. capital transfer

c. wealth

5. Reducing the amount of tax you pay to a legal minimum is called

a. fiscal policy

b. tax avoidance

c. tax evasion

IV. Reading
Taxation planning
The government of some countries uses the taxation system to promote
investment. Taxation laws are enacted to encourage domestic and international
corporations to either invest or raise capital, and tax breaks are given to specific
industries or to certain types of expenses to attract investors and consumers. As a
result of these taxation measures, there is significant scope for taxation planning
in some countries and companies would be well advised to use such opportunities
to structure their business in the most tax effective manner.

Unit 3: Tax accounting

14

234677689
69 9
3
83
64639 68

939
66 8669649
373996
48
69
6964
3
9 9
33
6949396
49 
6473463969 6734

89646
68
8369 69 436499 439 
669 68

946344964688399 339
3
36
964649
3379 4694!83
86"933
6

8639
9
383369
87346
3649
3
!839
"249643469646466996
48
6967346969 934
9
6
#$%39636469378394
66969 9
396&
 
'$469 9
3689693
8346369
8
9649
3
834349
3
69344
68
9&
 
($%9983
63939 9
3677689
6&

)$%3463796869 
64&

*$%939 68

93&
 


CONSOLIDATION
SUMMARY
1. The government borrows money from its people is known as ........................
2. Provision for income taxes is talking about .........................................................
3. To promote , the government of countries must use taxation system.
4. Tax specialists are normally and.
5. Earning of company without paying tax is known as ..
EXERCISES
1. The Klaven Corporation has operating income (EBIT) of $75,000. The
companys depreciation expense is $200,000. Klaven is 100 percent equity
financed, and it faces a 40 percent tax rate. What is the companys net income?
What is its cash flow?
2. The Menendez Corporation expects to have sales of $12 million. Costs other
than depreciation are expected to be 75% of sales, and depreciation is expected to
be $1.5 million. All sales revenues will be collected in cash, and costs other than
depreciation must be paid for during the year. Menendezs federal-plus-state tax
rate is 40%.
a. Set up an income statement. What is Menendezs expected net cash flow?
b. Suppose Congress changed the tax laws so that Menendezs depreciation
expenses doubled. No changes in operation occurred. What would happen to
reported profit and to net cash flow?

Unit 3: Tax accounting

16

345678
 
         

!" #    #  $# $  % &'    

$ 
()**)4+,8  - # -! " $#   '#   . -
$" #     /"     
" '$  ! &'   '# "   ' 0
345678 %    ' " "  1  #$
  "   $     2   
   $ "   "    ' 
 "  #"! 3 " $    '#!
 
()**)4+48 5  '#! '  # #  ! ' 0
345678 6   -   " '    $  
    " 2 "   '#  '   
"  7  "8
()**)4+,8 9$ '  "  0 -! "     "
 $#   
345678 2  "     "    "
2        &'      
  -  $"    '#   ""
$     "  "   
   "'   "  "
 




23
4567
689

9

759
79


6
6
6767

33

234567


759

767997

7
6
567
9

7
76

33

3
 79


6
8 7
6


767997


9

33

34567
689

9

759
67989

6
6767

6


9789

7

33

34567
9867

689
6889
7

6
6

!

33

"

#
687$67

599

5

759
7989
7
69
7
6
%9
7989
7
6
6

5
759
86


899
!
6!97
3
&7
6


5

759
9769

599

6

6!97



!
6

99
5
5



768
86
6
5
5



9
6
768
7989
7
5689
3


'%69(
)
787
6
687$67

599
8
6
*+,---,.+-/
66
8679
6

75.0
916
6!97
3

.
.
.
.
.

+,-./012/0-3456789:;84


346789
 9

8788
8
44

48   94
98   4
4

7888787888

4

  94
   489
4!4"#8
87
$8
4788
8
874

48%8  948%    48988
&4678
 8'4498(34

4

9
  94
8   4
8

)46784478'8883***4

48 94
88 488






23456



743895
5




 525



5



25











45








4325





3 

935

 
4


5

354
5
543

3
6
5
99


5
54

399 
4
299


 5 5

93
3!

4
55
3!!5

" 5
3845 
5
384

59

3!
5
45

# 5
$
5 3
986
5

93
3!

35
3
5
35

%& 
'55
385

995


!3
5
 75

(5
 64
3
4
325

3
344

)*3

5
3845
3!
55
+

,-3
5

33


! 32
63
39
4
4
59
55

.*5

34
5
2

3
54


5
2554

/3
5
!560
3454545
4

246
35
545!0
23 5
4

23 5
5395
354


47
34
14
34


53

3!

325 
23456
 434
2
53

4

8
83

!3 2

975
5
955

8
$5
34
5
95!
4

4 5

34

5

14
34
4
5
55
 5

3

5
945
1
 5

945


567895:57;7<5
3!
4
34
854
23 5
23456


535

4
8
84
895



5
945

854
95
23456


535

4
8
84
=5 6
234

34
39
5 
 5
54
4
34
5254
384
5
234
 4340

344
>:57?8>75:@A?8>7B@59?8CD7E@59
4

F:A:<G784

6
4
34
 50


!
56
4
755
5
34
4
 5
H

5 5
899
5
ID778JI8G6:DK7

123457899
  88383552373
23838235!325585"#$838523%
234858523552323& '
(
85
"#$23452)*858523+29,-./  012
3585323232,
,(
4299%2358
232535989835725825835*835
2528234552234234%38363793655
925838323475%8936*9363
283583234%83582352!88585%2395
5299782783228223243
2328287232838525%58357899
95
97827295988552995782732323:75%
32395237827382378836;
838525%33788325252;%
78<25=<59=


>?@9322342394835
A?92342359849*783853923B853
86
C?*352352835268532395%3585836D ED (/E
D .('EF0 ,('23G/H 232232326
I?358532323239,
,2
#?*9363283583234%8358235
J?939523782738586325



CONSOLIDATION
SUMMARY
1. The balance sheet shows the and the .in an equal way.
2. We prepare the loss and profit statement at the ..
3. An amortization schedule shows the interest applied to .
4. A .. is usually used to withdraw money from an account.
5. T account shows and
EXERCISES
1. a. Set up an amortization schedule for a $25,000 loan to be repaid in equal
installments at the end of each of the next 5 years. The interest rate is 10 percent.
b. How large must each annual payment be if the loan is for $50,000? Assume
that the interest rate remains at 10 percent and that the loan is paid off over 5 years.
2. Assume that your aunt sold her house on December 31 and that she took a
mortgage in the amount of $10,000 as part of the payment. The mortgage gas a
quoted interest rate of 10 percent, but it calls for payments every 6 months,
beginning on June 30, and the mortgage is to be amortized over 10 years. Now, 1
year later, your aunt must inform the IRS and the person who bought the house of
the interest that was included in the two payments made during the year. (This
interest will be income to your aunt and a deduction to the buyer of the house.) To
the closest dollar, what is the total amount of interest that was paid during the first
year?

Unit 4: Bank accounting

22




456789
 

 




 







!!"

 #$
%& 


 %'

(8)*9
+,

-./



 $
$&

&

&


&




-./

,
$&
&
%

%# 


01
%

&




-./'





 '

456789
 

-./

,



2&
 

&
& '
3
&
 


%
& 



41
%
5

(8)*9
+


$
'

456789
6&

%
&

&
-./

 #5

(8)*7





'

%

8



,
'

456789
:
&
$


-./
$


$
85

(8)*9
; 
$

$&

&


#




$
%
$
8'

456789
 

#%
&
-./
$&



#



%'

(8)*9
<
&

&


,



&
-./5

456789
='


-./
&
%

 ,


6

-%,'
:



 #%
&
'

(8)*9
6&
&


$
&,'

4567>9





 #%
&
 ,

$&
&


&


'
:

%5

(8)*9
=
&
 
,'
:
%%



5
+

&
 ,

'

456789



&
#

%
&
-./
,,
?
 ,



$

%,@

?&
 ,


$

%,@'

(8)*9
+'


&
$

%
'

3456789
79 7 99

    76
35 
8 8 68
7!
3"56789

8
8  7 78 6
3#56789

8879 7 778
7 7
978
3$56789
% 
&
%9
 787 !

7
   7 787
  

8
7  79 3!57
345'(
8
 %)))))))*
35')))))))*%  +(77 %

!
3"5')))))))*+%%9 
 %!
3#5' 7
 )))))))* 97 79
89 !
3$5'  
8 89
9


 )))))))*
 77 9

8
78%%
78  7
9% 8

   97!    973657
77% 9 7 ,
8+

7+ 7%78
8! 7%78
8,67877 
 
8
 

 7 ,7
78
8 -  %78 

 
 8+
878 88  7789% 8
7878
7 8

9 !(8 %8
 6+ 7 

8
  7
 
83
 
%8

89
8 5! 67%7
 - 7
 78% 78 
887 % , 977% 
8
8!

234677869
9 749734469
3489347434447
9  !"#$%!#&'()*#+),-693444789./234.69
9 069
48907497343444/13497364967403444
474976776
3649
2633373649849767
4.69
59 /2344479 349.73474404673434
6479 0974973473669
8497934934
6479 /694463484990346479 
46734647()#$%!#7!#89##7(*%$#":9$;#$!:)$(<!'=#>($%##$(?!#
":9$=#$%!#(?&8:$!:@7#A#(7#"!+($!"#$#?$B:($'-994.73484970
4474969
6434
703464/
7.496489964944644/
96464474734
8944.49.334677869

99669
4.69
59 7/C9899646444734

894434677869
9 9.09446479.34647
674.9479.46349 7
8944/
D/E13677847344446F
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////
G/E2343444460238764729F
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////
H/E1347444749679 234973649674F
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////
I/E1367348749646447F
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////
J/E136734447F

K
K

//////////////////////////////////////////////////////////////////////////////////////////////////////

23467897
7 9 99
!"#""$$"$$%$$##&#'!'(!"!)!"*
%+#%$#'&#!"#""'#,$#$#$+(&"-#*#
$%#"!+'#,$#"#*$+!"$"(#$"#*$+.$#
-$"/
0+1"$)&$$%*-#*#$+$#"+-$%#$+-$"
##*/0+#)"#"$%$!"#""$$/2$!*$
3!"$*$#&$#$#&#$+-$)($*"!--"&
"!--($*#$&)3!"$($-',&%#'"-)$#1)
'*%/
41#$*)($+ !"#""$$""$1)!"&! !"$-*!"
-##$*("#&*#$(&#**1"-"!"1/
 567689:;<8=9>
0+?@ABCDEFBG?HIJG&!"#""$$"K
LMNOPIIBQIARSBG?HIJK'##$"#$+&$'#MB
T/UVAWEXEJWBQIARSBG?HIJK%$+$+#$"#$+&$-''#/
YZ[\]^_`
2#'#(&$#*'+$'#"##+a--./T/bc
d$$"$+$&!-'#'($-#*$$'#"e%"#
#+a--./T/bc/
d$$""+$$+#&!-'($+$.$"#$*1$)"$+$$+$-
#*$$'#"$+/



 34567489
665

!"#$
%&
'(5)6(
645
*+%$!%#
,-&*.+$!%
&
/50156
6457489
62
3%4!5#
6!5#!5#!5&

789:;<
>?@A<B<C89:;<
=# =#
# &
!%!
&
D9EAFA?E<H?@A<<C89:;<
D9EAFA?E<C89:;<
=# =#
G## G##
# #
&
&
%G## *G##
 %
&










NOPQR




345789
9 75855 585
NOPQR
! *
"#$%&''&() +,--(.--/#)(0!
-12,'3456#77868)##6
9/2,3&!:!/2,%-/
;#<&()"#=
0!'>2(!'-+?2&-
)<"(0!'@&''&(@2&2%&=
A&'&2-,-2/B*';-2&C&-%D$-/E
@'C2(
NOPQR
A/F2&2!2'E,&--*G'&2'/'&2&'?2'&/0'F+-'HE'2'%'*
9 !,2IE'D2!,-%,!2*'&-%%-/E+-'2!G22&--&2E&-!-&
?2'&/
A&2DA/''&,,-+&'J,2+2%&2-&&-E'%2+AFF*'*>2!C%--,
$'&2+2%&'&F-'!-K+&','G2!2!%--,(AF-D'*%%-&&2
/,,&G',!'%+--''(F''AF!2G'&22!%-'-&-2/
'A*-''-+'HE'2'%'&-!2*'-AD-F/&-2&'2
?2'&/*AG'12%D-F,'*!'-+?2'&/%,&'(2&-*!'-!EA
E'D9 !,2+,'&,A**2&2-(AL/-%21,'*%-+2*'&E'-*%F-D
*+-,-!-AF-,*,2D'&-F-D+--*F-,*EE'%2&'&'
-EE-&2&&-*2%&2E-2&2-F2&-2E'-
AF-,*1'G2,1,'+-2&'G2'F&&2/'A/,--D2!+-F*&-'2!+-/
-
M-+2&+,,(
!
9 %,-'3%-E-+/'/'

NOPQR



2345679


!
"3#$%7&'(
)*
(+


)

(
234567,-.-)
)!
"3#$%/01
)
()(('
)

(

2345279-)

)!
"3#$%71

)
(
)
)

(1 
()(
2345671-

-(
(!
"3#$%/0&('(
(3

)(
2345674'-.-)
 !
"3#$%75  
(.
(

2345674
 (
(
!
"3#$%75 (
-
'
((


(

2345671-(

(.
(
 !

12345689
 9 8 9
99
!2"#$%&99   9
9'
123456(99  9
9)**9 99 999
!2"#$+(* ,)-./
9 ,8
 
12345%.
999/ 0123
456,9*999*'
7777777777777777777777777777
05&99*9'
7777777777777777777777777777
8599* 9999'
7777777777777777777777777777
15&999** *9 9'
7777777777777777777777777777
:5&99'
7777777777777777777777777777
;5&99  99'
7777777777777777777777777777

<
<
<
<

112

456789787
6 786 8 6
787
 857
 
7576
7
7
6 65  75 57576
6
7
678 7
 6  788
5757
7
7
6
567 6 6
576
6
7
678
7
 5787
 75 576
6787
 7
56787
 
 7

7
 775
6 65678787
57
8676866 76787
6
7
 775
56 67887
6


56 75555587
78885787
 75757857
787886787
 7756
6
5678787
 78 
78856787
 

!"#$%&'(%)(*(+#,*-(.*-*/0'(

12456789787
7 7 65  6
57576
6
7
678 7
 
6 7536
7577
7
  7 77 6 685756
6
7
678
7
 
1245678787

5 75456
555755 
6

56
57 
556
3 6
757
68

5
7
6
78 5678787

75
65
 76
4 677
5 8456
7
678 7
 75
575566
7 67
6
555 7
78
7 3
756
7
678 7
 74
5757 7
 7
8565556
7
678 7
 
1245678787

5 77
787
 757578575
7
6
85 
1245678787
7 6  6
6
6676
7
56676
555 

IJKL>
RSTTUVWK>
YZSVT[W\]>
`aabS\]K>TJcJdUW> >
`UJ\>eJfb\O>aJTV]JU> >
>

6789:;8<=9>
?=@ABC7=@D9<:AED87:F8789GH>
MNOPQQ>
>
XQQ>
>
^O_QQ>
>
hijkll>

MXO_QQ>
_OgQQ>
hijkll>

12345678
          
!" #  $$     $"   % 
&'(()&*)+,*(-./,0./.1&)2

34356789:56;<=>9

"
N! #
T!"
UH!
N! 
 
 O
W" 
 I"
T!" I"
T" I"

?@A<B9C<B<=D7E

O
PQRMMM
LSMMM

LQMMM
LSMMM
VMMMM


RMMM
QMMM

LMSMMM

$


PRMMM



SMMM
VXMMM


LQMMM
RMMMM

F    """   G#$ """ H!$  !"  !"""
"      "  !"" % """ "   "
  """  "  " "
% """  "    $ I"" J"    $#
!K  I #$" ! LMMMMM "  " F  "   
!K " $   "" !    "" ""   $#
! "   " " "#"
N"   "    " "#"  !$    !""" $   " 
 "" $! " "$  $ I"

123453778579
4775
5 88
7 8385342837785745342837785734
4353287
987342837785784
58 79327753498 9 7 82

7328 79358
387845
5
7549592377935
4712345

8578955
88935
44928372434
988845!
"34 8
422345377854
578955
88935
47234 9  3734
425858
8#758498
$45342837785738392377
2
4%283778575 35384
5 793244358
$475835 8783778573878932 575
9845348#89585 884857

3584579
 575383&7

22349 7873428378

27

'( 35
2345377857885
)

!'*
34
7
23453778574928)( 35385 8)

+'( 353853428377857)

,'( 3538453428377857)

-'.823453778578845
2
458838#84787)








1234256789623

 
!!!!!!!!!!!!!!!!!!!!!!!
"#$%&'%&%()!!!!!!!!!$)'%))'
*+$'%&%$
,-&%%!!!!!!+(*
./%$0(**&01(*20)%3+0%(%'&%)4*%
)$!!!!!!%&'%&%
56(*%%'&0*%%'&0%*%&%)$!!!!!!
%&'%&%
7879:7
;<=>?@ABCBD<ECFBGCFCH@ABIEDJBDJABK=FF=IEHLBEHK=<MCDE=HB
6(*%%'&NOP0QQQ  R%&4*NO0QQQ
6(%'&NO.0QQQ  S*%%'&NO0QQQ
T%%$U()0%*%&NO,"0QQQ V4*NO50QQQ
W1(*2NO50QQQ   T%&%4*NOX0QQQ
Y2NO"P0QQQ   T(**&NOP0QQQ
/%$NO"Q0QQQ    T(**&4*NO"0QQQ
T%%$U()0)%3+NO.0QQQ


!"#"$%#&'()%*+#,(-,$+'%(-,(&+!",&./-+'(),(&$0%-'()1#%$"&/#"-!,2"
3""(&'-$/--"&'(1#"2'%/-$!,1+"#-45+'-#",-%(,30"+%"61"$++!,+,7%()+!"
!/(&#"&-%*$%71/+,+'%(-,(&$0"#'$,0+,-8-'(2%02"&9-%7""##%#:'00%$$/#9
-/$!,-,1%-+'(),&"3'+,-,$#"&'+4 %&,;7,(;*'(,($',0#"$%#&-,#"
7,'(+,'("&%(+!"$%71/+"#%#%(+!"7"$!,('$,03%%88""1'()-;-+"7-4!"
/-"%*7,$!'("+'7"+%$%##"$+"##%#-$,(3"2"#;$%-+0;,(&$,(3#'()1,'(*/0
</"-+'%(-*#%7!')!*'(,($',0"6"$/+'2"-4

=("%*+!"3"-+:,;-;"+&"2"0%1"&%*,2%'&'()"##%#-'(+!"1"#7,("(+
,$$%/(+'()#"$%#&-9,(&,0-%%*-'710'*;'()+!":%#8,++!""(&%*+!"1"#'%&9'-
+%7,8"/-"%*,('(*%#7,0#"$%#&$,00"&+!":%#8-!""+4

>?@ABCDDEFG@?HDIJ@DBFK?@FLFBD@MNHDFOJBNPDBBF
!":%#8-!""+'-/-/,00;1#"1,#"&'(1"($'0%(,0,#)"-!""+%*,$$%/(+'()
-+,+'%("#;'-$,00"&,(,0;-'-1,1"#4=(+!":%#8-!""+9+!"0"&)"#,$$%/(+-,#"
,&./-+"&93,0,($"&9,(&,##,()"&'(1#%1"#*%#7*%#1#"1,#'()+!"*'(,($',0
-+,+"7"(+-4
Q%#,+;1'$,0-"#2'$"3/-'("--:"7,;-/11%-"+!":%#8-!""++%!,2""')!+
7%(";$%0/7(-9(,7"0;9,&"3'+,(&,$#"&'+$%0/7(*%#",$!%**%/#)#%/1-%*
*')/#"-R
S4T #',03,0,($"
U4TV&./-+7"(+-
W4T5($%7"-+,+"7"(+
X4TY,0,($"-!""+
V+"(Z$%0/7(:%#8-!""+,0-%'-/-"&9$%(-'-+'()%*
S4T #',03,0,($"
U4TV&./-+7"(+-
W4TV&./-+"&+#',03,0,($"
X4T5($%7"-+,+"7"(+
[4Y,0,($"-!""+


0
2344567879

59
6 679

67

!"#""$%&'(""')""*
+
"



"
!






&!

"



$



"

'

(



"
"




"



"

,


"2$"2&""*$"
 --.3//0011""""*4)&"
 -5/016"*"*4"*2$""""&""&")"""
&
"&"&*")"""&
 --87//001+""""&"


&"





"









9:
;
<=
>
?
@
A


BC
D
<;
E
@
FD
<=
;
G
H


BIJ;>@K;>;GL?@MN?L?<O?I@PAQRSAPT

U
Y ""Z)"
[!!"
\"!*"
1]!&"
Y &"**"!"
_"!`)"
Y !`)"
+6"!`)"
a"+&#U!
a"+&#d'$
["Z"2""&"
[""6!""
e"""6!""

V5W8.X
7#X.X
.#X8X
7XX
.^#XXX






3#XXX

7#bXX
7XX

V55#cfX







V5#XXX
7#XXX
3#5^X
7XX
.5#bcX

.X#8XX



V55#cfX


h?I@hC?@hIJ;>@O;>;GL?@iJjkI?E 
+"Ag)@9G
"2"$"""*$" """*"!!!"
)"&2"'(""-"""6'(""/W+")"&&l"
"2"`""*$d""&)"5.)"2"`*4$""
Z")""!!"*W





0
2344567879

59
6 679

67





 !"#"
$%&'(&)'&(*+,-+,+./'%*01('2)+3'-''.'.&'('4+.4&)'&5&+,2+('*.+0(''6'.&7&)'
+4812&*.0'.&(*'22)51,4-''.&'('4*.&)'2'/5.49+*(5%&)'/5,16.2:;)'(',+&'4
4'-*&2+.4/('4*&2+('<'='4-=,'&&'(225&)+&&)'=6+=-'('/)'/<'4>1*/<,=%5(+.=
'((5(2:;)','&&'(22)51,4-'*.9(59'(2'>1'./'7-'0*..*.0?*&)+22'&+//51.&2+&
&)'&595%&)'9+0':
"
F.5(4'@(A&5B4!'C&C'(DE6*
.'&)'+651.&5%2199,*'212'47*&*2.'/'22+(=&56+<'+/51.&5%
&)'+651.&5.)+.45.G'/'6-'(HI:;)'+651.&?+2%51.4&5-'JKKL:;)'
-+,+./'+&&)'-'0*..*.05%&)'='+(9,122199,*'2-510)&+651.&'4&5JI7LKL7
&)'('%5('JI7LKLMJKKLNJKLL?5(&)5%2199,*'2)+2-''.12'4:;)'('*2.5+//51.&
%5(2199,*'2'O9'.2'725&)'+//51.&.+6'612&-',*2&'4+&&)'-5&&565%&)'?5(<
2)''&7&)'+4812&*.0'.&(=*2P
Q199,*'2'O9'.2' KLL
KLL
 @RASQ199,*'2
T'.&5%JULL%5(U65.&)2?+29+*4*.+43+./'5.G'/'6-'(I:;)'('%5('7&)'
5(*0*.+,+651.&/)+(0'4&5V('9+*4T'.&612&-'('41/'4-=JILL7&)'+651.&5%
('.&%5(G'/'6-'(:;)'+//51.&.+6'T'.&'O9'.2'2)51,4-',*2&'4+&&)'-5&&56
5%&)'?5(<2)''&:;)'+4812&*.0'.&(=%5(G'/'6-'(*2P
T'.&WO9'.2' ILL
 @XAYCV('9XE+*4EZ'O9'.2' ILL
;)''>1*96'.&*2-'*.0?(*&&'.5%%53'(+ILM='+(9'(*5412*.0&)'2&(+*0)&M,*.'
6'&)54:;)12JI7[LL+='+(\JI[7LLLPIL]*2-'*.0/)+(0'4&5'O9'.2':;)'&*&,'4
G'9('/*+&*5.WO9'.2'?*,,+,25)+3'&5-'?(*&&'.*.+&&)'-5&&565%&)'?5(<
2)''&:;)''.&(=?*,,-'P



G'9('/*+&*5.WO9'.2' I7[LL
 @ABDE"$//161,+&'4G'9('/*+&*5. I7[LL
;)'2+,+(*'2+651.&*.&)'&(*+,-+,+./'/5,16.?51,4*./,14'5.,=&)'9+=6'.&2
&)+&)+3'-''.('/5(4'4+.49+*441(*.0&)'='+(:;)'95(&*5.&)+&?+2'+(.'4*.
G'/'6-'(I^_[-1&9+*4*.`+.1+(=I^_^7-'/+12'&)'?''<,=9+=9'(*54'.4'4*.
`+.1+(=7?51,4.5&-'*./,14'4:F%&)'+651.&*2JaLL7&)'+//(1'4'.&(=?51,4-'P
 Q+,+(='O9'.2'aLL
  Q+,+(=9+=+-,'aLL
0
2344567879

59
6 679

67









 *!"#$%&$'%!()
3+,-*./0,41,#20$5!!'!6!7)8 79
$!:;4!!5!'!%'$<=>?<=5>>>@
:;A@:B:;C
!#%$D
      
E!FG4 =>     
E!"#$ =>     


HIJKL2*MJKNL/O   
   PJ1Q*RI,,0    

!$ 8'S7 E77T

U$V!'U$V!'U$ V!' U$ V!'
    



WXYZ

[\\]^_`Yabc\cdeXfgc      
    



h^iigdcY
    



jbciXdkabc_`
    



lm^dinc_`
[\\^n^gX`cka       

kcibc\o

p]`cYaiXqXfgc       

[\\]^_`YaiXqXfgc       

rXscYaiXqXfgc       

p]`cYaiXqXfgc       
tX_carZ]nXYa       

uWXid`Xg
tX_carZ]nXYua       

vbXwd_x
    



yccYad_\]nc

hXgXbdcYacsic_Yc       
zdY\oacsic_Yc       

    




    




h^iigdcYacsic_Yc       

{c_`acsic_Yc       

vcibc\dX`d]_a
    



csic_Yc
hXgXbdcYaiXqXfgc       

|_`cbcY`acsic_Yc       

pc`ad_\]nca
    



0
2344567879

59
6 679

67

1234256789623

 
!"#$%!%&#'(!%"%)*+
%'.1223*+%%!'0.522
 ,'&-./01223*4+%!67
89:;<=>?98@ABCDE

F@?G9HI>>JKL>C?9>DM>MN>O>AP>?9QRSTURQV





W! X4 W'(!%"%


   
[\ ]\ [\ ]\

]%
^0222  
W!%
_0`22  
a4    
' _0222  
b!%
c22   
de!" f0122  
W!-4
50`22 
\]0\ba 
/10222 
]
   
g%" 
/20222 
b%,% 50f22  
h,% /0522  
1f0`221f0`22 


















Y" Z
%" %
[\ ]\ [\]\





























ijklmmnopqprsjnrtjouvwoxprsjyuozp{ujj|j