What would a multi-step vertical analysis income income statement look like for Brea Corporation as of December 31, 2020?   Ledger Accounts and their balances:   Accounts payable $18,700 Accounts receivable 33,900 Cash 30,700 Cost of goods sold 257,100 General and Administration Expenses 257,100 Inventory 46,700 Income taxes 28,700 Other revenue & gains 900 Other expenses & losses 1,700 Prepaid expenses 2,100 Sales revenue 762,400 Selling expenses 135,200

Here are comparative financial statement data for Vaughn Company and Mary Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities $ Long-term liabilities Common stock, $10 par Retained earnings (a) Vaughn Company Dollars 2022 $1,842,000 1,040,730 268,932 9,210 53,418 323,500 $314,800 520,500 501,500 64,000 109,000 497,500 173,500 $ 2021 74,800 Vaughn Company 91,000 497,500 153,000 Dollars I Condensed Income Statement Percent % 2022 % Mary Company $561,000 297,330 77.979 3,927 Prepare a vertical analysis of the 2022 income statement data for Vaughn Company and Mary Company. (Round percentages to 1 decimal place, e.g. 12.1%) 83,200 6,732 30,600 138,300 125,400 34,000 28,600 Vaughn Company 2021 4 $78,600 117,000 117,000 39,900 $ 24,200 Condensed Income Statement 34,200 Percent Dollars % % % % % % % % % $ Mary Company…

Data for Kahn, Inc. follows:                                          Kahn, Inc. Comparative Income Statement   Years Ended Dec. 31, 2019 and 2018                                                      2019           2018 Net Sales Revenue                                       550,000       500,000    Expenses:                                                      Cost of Goods Sold                                      245,000       220,000 Selling and Administrative Expenses            100,000       96,000      Other Expenses (Interest Expense)                12,000         9,000       Income Tax Expense                                       58,000       47,000 Total Expenses                                                415,000     372,000 Net Income                                                    135,000      128,000   Prepare a horizontal analysis of the comparative income statement of Kahn, Inc. (Round to one decimal place.)

The income statement of Price Ltd for the year ended 31 December 2020, reported the following condensed information: Revenue from fees                                    $600,000 Operating expenses              360,000 Income from operations      240,000 Income tax expense              60,000 Net income                                                                      $180,000   Price's balance sheet contained the following comparative data at December 31:                                                  2020                                     2019 Accounts receivable       $50,000                               $45,000 Accounts payable           35,000                                   41,000 Income taxes payable    6,000                                       3,000   Price has no depreciable assets. Accounts payable pertains to operating expenses.     Required: (a) Calculate: Cash receipts from customers.  Cash payments for operating expenses.  (b) Prepare the operating activities…