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Prepare income statement and balance sheet of potus co

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Reference no: EM132469200

Question 1: a) Prepare Income statement and Balance sheet of Potus Corporation as at 30.06.19

Particulars Amount(000)

Sales                                  37,436

Cash                                   4,895

Cost of Goods sold               26,980

Accounts Payable                 7,156

Accounts Receivable             5,714

Selling & Admin expenses        3,624

Inventory                             8,517

Research & Development expense 1,982

Plant & Machinery                     7,154

Interest Expense                        450

Long term liability                     20,105

Land                                          981

Income tax expense                   1,100

Reference no: EM132469200

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