P4-5

Twani Corporation
Income statement
Periode Per June 30, 2019

Sales revenue - 1.578.500-

Sales discount - 31.150-
sales return and allowance - 62.300- - 93.450-
Net sales - 1.485.050-

Cost of goods sold - 896.770-

gross profit - 588.280-

selling expense - 56.260-

salaries and wages expense (sales) - 97.600-
sales commision - 28.930-
travel expense (sales person) - 21.400-
delivery expense - 14.820-
entertaiment expense - 9.030-
telephone and internet (sales) - 4.980-
depreciation expense (sales equipment) - 6.200-
maintenance and repair expense (sales) - 4.715-
miscellaneous selling expense - 4.850-
bad debt expense (selling) - 248.785-
total selling expense

Administration and general expense - 3.450-

supplies expense - 2.820-
telphone and internet expense (adm) - 7.250-
depreciation expense (office furniture and equipment) - 7.320-
property tax expense - 9.130-
maintenance and repair expense (adm) - 6.000-
office expense - 35.970-
total administration expense - 284.755-
total selling and administration expense

other income and expense - 38.000-

dividend revenue 38000
total other income and expense
- 341.525-
income from operation
18.000
interest expense (financing cost)
- 323.525-
income before tax
102.000
income tax expense
- 221.525-
Net income
merchandise beg+ net purchase-merchandise end Rumus COGS
net purchase= purchase+freight in-discount-return

Twani Corporation
Statement of retained earning
Periode Per June 30, 2019

Retained earning at July 1, 2018

Correction from understatement of depreciation (2017)
Retained earning at July 1, 2018-adjusted

add: net income - 221.525-

less: dividend (prefernce) - 9.000-

dividend (ordinary) - 37.000-

retained earning at June 30, 2019

 337.000
-17700
319.300

- 494.825-
I/S (coret-coretan)
gross profit= - 3.100.000- Stat
selling expense - 2.000.000- Per
adm expense - 900.000-
interest expense - 211.000- Assets
Investment revenue - 63.000- Non Current
Net Income - 52.000- Investment
long term investment in bonds
Re Beg 78.000 long term investment in shares
net income - 52.000- total investment
Re end - 130.000-
Property, plant and equipment
Land
Building
accumulated depreciation building

equipment
accumulated depreciation equipment
total property, plant and equipment

Intangible assets
franchise
patent
total intangible assets

total non current assets

Current assets
cash
account receivable
less: allowance for doubtful account
inventory
trading securities (at cost 145.000)
total current assets

total assets
 Vivaldi SA
Statement of financial position
Period Per Desember 31 2019

Equity
share capital-ordinary (5Par)
Retained earning
- 299.000- accumulated other comprehensive income
- 277.000- less : tresury stock
- 576.000- total equity

260.000 liability
1040000 non Current liability
-352000 - 688.000- pension liability (long term) - 80.000-
notes payable (long term) 900.000
- 600.000- bonds payable 1.000.000
-60000 - 540.000- total non current liability
- 1.488.000-
current liability
notes payable (short term) - 90.000-
account payable - 455.000-
160.000 dividends payable - 136.000-
195.000 accrued liability - 96.000-
355.000 total current liability
total liability
- 2.419.000-
total equity and liability

197.000
- 435.000-
-25.000 - 410.000-
- 597.000-
- 153.000-
1.357.000

- 3.776.000-
- 1.000.000-
- 130.000-
- 80.000-
- 191.000-
- 1.019.000-

- 1.980.000-

- 777.000-
- 2.757.000-

- 3.776.000-