MYRTEL Corporation

Income Statement
For the years Ending December 31, 2021

2021 2020 2019

Revenues P 100,000 80,000 50,000

  Service to customers
Expenses

    Wages 68,500 58,50 35,000

0
    Interest 1,500     70,000 1,500 60,000 2,500 37,500

Net Income 30,000 20,000 12,500

 MYRTEL Corporation
Statement of Retained Earnings
For the years Ending December 31, 2021

2021 2020 2019

Beginning Retained 15,000 5,000 -0-
Earnings
Plus: Net Income 30,000 20,00 12,500
0
Sub-Total 45,000 25,000 12,500.00
Less: Dividends 15,000 10,000 7.500
Net Income 30,000 15,000 5,000
 MYRTEL Corporation
Balance Sheet
(December 31, 2019 -2021) 

27,000 29,500
35,000

149,500 150,000

500

15,000 30,000

114,000 114,000
30,000 5,000

144,000 129,000

144,500