Click the icon to view the account balances.) (Click the icon to view the balance sheet.) the requirements irement 1. Prepare the income statement of Mimi Mac Realty Company for the year ended July 31, 2021. (Enter all amounts in millions. If an input field is not used in the income statement leave the field (millions) Reference Revenue: Mimi Mac Realty Company Expenses: Balance Sheet July 31, 2021 (Millions) Assets Liab Cash 57.7 Current liabilities Receivables 0.7 Long-term liabilities Net income (loss) Investment assets 76.1 Total liabilities

1. Prepare a Classified Statement of Assets & Liabilities as at 30th June 2023 Cash receipts and payments for the year ended 30th June 2023: Cash Receipts: Subscriptions 11,000 Bar sales Hire of function room $ Bank Bar inventory 30,000 5,300 Assets & Liabilities as at $46,300 Subscription in arrears Subscription in advance Bar equipment - at cost Accumulated depreciation bar equipment Bank Loan (Due 30/6/17) Accounts payable (bar) Accrued bar wages Prepaid rent expense Cash Payments: Bar purchases 12,000 Payments to accounts payable Telephone Insurance Cleaner's wages Electricity Bar wages Bank Loan interest Rent paid 1 July 2022 15,000 2,600 220 800 35,000 5,000 16,000 1,000 O 0 $ ? 6,000 900 1,200 1,500 800 5,000 2,900 10,000 $40,300 30 June 2023 2,400 880 270 35,000 6,000 16,000 2,000 100 500

You observe a company with the following items on the balance sheet (in thousands): Cash and equivalents 2018: $22 Cash and equivalents 2017: $23 Inventory 2018: $26 Inventory 2017: $21 Accounts receivable 2018: $144 Accounts receivable 2017: $129 Property, Plant, and Equipment 2018: $1,584 Property, Plant, and Equipment 2017: $1,663 Current Liabilities 2018: $247 Current Liabilities 2017: $291 Long-term debt 2018: $857 Long-term debt 2017: $1,494   What is the change in net working capital for the firm for these years. Answer in thousands (the same as how the numbers are presented).

Create the income statement from the adjusted trial balance

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