zNo .

1
No. 2

Income Statement

Sales
Sales discount
Net Sales
Inventory - Beginning
purchase
Transportation in
purchase return and allowence
Net purchase
Cost of Merchendise available sales
Inventory - Ending
Cost of good sold
Gross Profit
Selling Expense:
Account Dep. Building
Advertising Expense
Commision Expense
Salaries and wages expense (Sales)
Administration Expese:
Accoun Dep. Equipment
Total Operating expense
Other revanue and expense
Gain on sale equipment
Loss from flood
Net Income
 No. 3

YKS CO.
Statement of financial position
For year ended december 2011
Asset
current asset
Cash 360,000
Income taxes Receivable 97,630
Prepaid expense 87,920
Inventory 239,800
Total Current Asset 785,350

Non current asset

Equipment 1,470,000
Account Dep-Equipment -292,000
1,178,000
Building 1,640,000
Account Dep-Buildng -270,200
1,369,800
Notes Receivable 445,700
Land 480,000
Goodwill 125,000
Equity Investments (trading) 121,000
Discount on bond payable 15,000
Total Non Current Asset 3,734,500
Total Asset 4,519,850

Current Liabilities
Rent payable (short term) 45,000
Notes Payable (Long term) 265,000
Account Payable 490,000
Income Taxed payable 98,362
Payroll taxed payable 177,591
Total Current liabilities 1,075,953

Non Current Liabilities

Bonds payable 300,000
Rent payable (Long term) 480,000
Unsecured notes payable(long tem) 1,600,000
Total Non current liabilities 2,380,000

Equity 400,000
Share capital ordinary ( $1 par) 200,000
Share capital prafered ( $10 par) 463,897
Retained earning 1,063,897
Total equity 4,519,850
 No. 4
Zema Coperation
Statement of financial position
December 31, 2012
Current asset
Cash 300,000
Unearnead revanue -10,000
290,000
Account Receivable 340,000
Allowance for doubtfull -20,000
320,000
Inventories 360,000
Total current assets 970,000

Non current assets

The cash surrender value of a life insurance 80,000
Investment in share capital ordinary -
short - term (trading) 160,000
long - term (available for sale) 540,000
bond sinking fund 500,000
Total non current assets 1,280,000

Property, plant and equipment

Buildings 2,080,000
Account depretiation -720,000
1,360,000
Equipment 900,000
Accoun Depretiation -360,000
540,000
Land 1,000,000
Land hold future use 540,000
Total property, plant and equipment 3,340,000

Intangible assets
Franchise 330,000
goodwill 200,000
discount on bonds payable 80,000
total intangible assets 610,000
total assets 6,300,000

Current liabilities
Account payable 280,000
Notes payable
Short term 160,000
Long term 240,000
Taxes payable 80,000
Total Current assets 760,000

Non current assets

bond payable 2,000,000
total non current assets 2,000,000

Equity
share capital prafered 900,000
share capital ordinary ($10 par) 2,000,000
Retained earning 640,000
Total equity 3,540,000
Total equity and liabilities 6,300.00