Put together the income statement for this period

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Reference no: EM131925856

The business for the first year drew the attention to the fact that it would probably be necessary to continuously purchase supplies and maintain them on their level at CZK 50.000. Mr. Ant also pointed out that because of the competition of BUG, Inc., our customers started to pay us with a three-month delay. In the second year, our company (Mr. Baggins and Mr. Ant) attempted to imitate the competition's performance and realized the same employment costs as previous year and double sales than in previous year. Cost of goods sold, energy cost and service cost have also doubled. Depreciation in the 2nd year will be 40% of the invested property. Put together the Income statement for this period. Put together the Cash flow statement for this period. Put together the Balance sheet at the end of the period.

Reference no: EM131925856

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