Rid bitwyn Co. (RBC) Rid bitwyn Co.

(RBC)
Statement of Comprehensive Income Statement of Changes in Equ
for year ended December 31,2021 for the year ended Decembe

Sales 500,000 Equity , January 1,2021

Less:Cost of sales 300,000 Additional Investment
Gross Profit 200,000 Net Income for the year
Less:Operating Exp
Deprecia 120,000 Less:Owner's Drawing
Insurance 60,000 Equity , December 31, 2021
Bad Dept 15,000
Total Operating Expe 195,000
Operating Income 5,000
Other Income and Ex
Add:Rent Income 75,000
Less:Loss on Sales -20,000
Income Before Tax 60,000
Less:Tax 0
Net Income 60,000
 Rid bitwyn Co. (RBC) Rid bitwyn Co. (RBC)
atement of Changes in Equity Statement of Financial Position
the year ended December 31,2021 As of December 31, 2021

January 1,2021 420,000 ASSETS

al Investment 0 Current Assets
me for the year 60,000 Cash and Cash Equipment 220,000
Trade and Other Reveivables
65, 000
wner's Drawing -45,000 Inventory 60,000
December 31, 2021 435,000 Prepaid Assets 20,000
Total Current Assets 365,000

Non-Current Assests
Property, Plant and Equipment 380,000
Total Non-Current Assets 380,000

TOTAL ASSETS 745,000

LIABILITIES
Trade and Other Payables 310,000

EQUITY
Owner's Capital 435,000

TOTAL LIABILITIES & EQUITY 745,000

 Rid bitwyn Co. (RBC)
Statement of Cash Flows
As of december 31,2021

Cash Flow from Operation

Non-Cash Items
PROFIT FOR THE YEAR 60,000
Depreciation Exper 120,000
Loss on Sale of Equity 20,000
20,000 Total: 200,000

Changes in Operating
Increase in Trade a -5,000
Descrease in Invention 180,000
Descrease in Prepaid 60,000
Increase in Trade a 30,000
Net Cash From Opera 465,000

Cash Flow from Inv

Cash proceeds from 100,000
Cash payment for -400,000
Net Cash used in inve -300,000

Cash Flow from Financial

Cash payment to o -45,000
Net cash used in Financial -45,000

Net increase (decre) 120,000

Add:Cash ans Cash 100,000
Cash and Cash Equity 220,000