A В Current Year Prior Year Cash $7,440 $8,000 Accounts receivable 54,000 18,000 Equipment, net 44,000 40,000 Land 91,680 $197,120 66,000 $132,000 Total assets

K L C D E Statement of Financial Postionas at December 31 (in millions of Canadian dollars) A В G H J P Q R V Y AA AB AC AD AE AF AG AH Statement ofComprhensive Income for Year Ended Dec. 31 (in millions of Canadian dollars) 20x3 20x2 20x1 20x3 20x2 20x1 7 Cash and cash equivalents 293 398 762 Totalnet sales 4360 4346 2715 Accounts receivable e Inventory O Prepaid Expenses Total Operating expenses Operating costs Distribution costs 572 522 309 493 699 312 1682 1754 942 85 27 17 403 402 318 1400 Royalty costs Depreciation Totaloperating costs (COGS) Profit from mining operations Other expenses General and Administrative 1443 1646 265 291 232 2 Property, plant and equipment 3 Mineral property costs 4 Total Assets 5 Liabilities 6 Accounts payable and accrued liabilities 7 Taxes payable 8 Total Current Liabilities 9 Long-term debt 0 Deferred income taxes E1 Asset retirement obligations 2 Totalliabiltiies Shareholders Equity 4 Share capital -5 Retained Earnings -6 Total shareholder's equity…

Instructions This assignment is designed for practicing both the retailer/merchandiser accounting cycle and your basic excel skills. Below are select sales transactions for two companies. You will need to enter the missing pieces of each transaction on the journal entry tab. Each missing piece of information is highlighted in yellow. The only cell where an actual number is to be input is on the journal entries worksheet. Please note: not every yellow cell requires input (it could be left blank if appropriate). After completing the journal entries, you must then complete the missing pieces of the T accounts, trial balance, and statements highlighted in yellow. Only excel functions may be used to calculate the appropriate cell value on these pages. DO NOT INPUT THE ACTUAL NUMBER INTO THE T ACCOUNTS, TRIAL BALANCE, OR STATEMENTS. Use excel functions (such as making a cell equal another from the journal entry page, summing numbers together, or using the plus or minus symbols to help you…

Cash       $59,000      $23,500      Accounts receivable       43,000      25,500      Inventory       50,000      29,500      Prepaid expenses       18,500      34,000      Long-term investments       0      42,000      Equipment       97,500      45,500      Accumulated depreciation—equipment       (45,000)     (27,500)         Total assets       $223,000      $172,500      Liabilities and Stockholder's Equity Accounts payable       $42,000      $19,500      Bonds payable       48,500      70,000      Common stock       65,000      35,500      Retained earnings       67,500      47,500          Total liabilities and stockholders' equity       $223,000      $172,500        Additional information: 1.   Net income for the year ending December 31, 2022 was $47,500. 2.   Cash dividends of $27,500 were declared and paid during the year. 3.   Long-term investments that had a cost of $42,000 were sold for $26,500.…