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statement of income for:
statement of income for:
Income tax Expense-$600,000
decrease in property valuation- $35000
Current Assets-6,500,000
Cost of Sales-7,500,000
Distribution Costs-900,000
Common Shares Issued-895,000
Finance Costs-90,000
Stock Option Compensation-40,000
Profit before Taxes-1,750,000
Retained Earnings(endof year)-5,000,000
Dividends Paid-150,000
Other Income-40,000
Gross Profit-3,500,000
Share Capital (end of year)-3,395,000
Contributed surplus (beginning of year)-60,000
Non-Current Liabilities-5,000,000
Change in Currency Translation(income) -40,000
Retained Earnings(beginning of year)-4,000,000
Administrative Expenses-800,000
Total Liabilities-8,000,000
Total Assets-16,500,000
