Fairview Corporation

Income statement
For the year-end, July 31
REVENUES
Service revenue $ 66.100
Rent revenue $ 8.500
Total revenue $ 74.600
EXPENSES
Supplies expense $ 15.600
Salaries and wages expense $ 57.500
Depreciation expense $ 4.000
Total expense $ 77.100
Net loss $ (2.500)
 Lazuris Enterprises
Income Statement
For the year ended April 2025
REVENUES
Sales revenue $ 5,100
Total revenue $ 5,100
EXPENSES
Cost of goods sold $ 1,060
Depreciation expense $ 335
Income taxes expense $ 165
Insurance expense $ 210
Interest expense $ 400
Salaries and wages expense $ 700
Total expense $ 2,870
Net income $ 2,230
 Fairview Corporation Lazuris Enterprise
Retained earnings Statement Retained earnings State
For the year end 31 July, 2025 For the year ended April
Retained earning at July 31, 2025 $ 34.000 Retained earnings at April 30, 2025
Less : Net loss $ 2.500 Add : Net income
Dividends $ 4.000
Retained earning at year-end $ 27.500 Less : Divendends
Retained earnings, April 30, 2025
 Lazuris Enterprises
Retained earnings Statement
For the year ended April 30,2025
tained earnings at April 30, 2025 $ 1,600
d : Net income $ 2,230
$ 3,830
ss : Divendends $ 325
tained earnings, April 30, 2025 $ 3,505
 Fairview Corporation
Balance Sheet
For the year end 31 July, 2025
ASSETS
Current Assets Current ratio =
Cash $ 29.200
Accounts receivable $ 9.780
Total current assets $ 38.980
Property, plant and equipment Debt to Asset ratio =
Equipment $ 18.500
Less: Accumulated depreciation - equipment $ 6.000
Total assets $ 51.480
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liability
Salaries and wage payable $ 2.080
Accounts payable $ 4.100
Total current liabilities $ 6.180
Long-term liabilities
Notes payable ( due in 2028) $ 1.800
Total Liabilities $ 7.980
STOCKHOLDERS' EQUITY
Common stock $ 16.000
Retained Earnings $ 27.500
Total Stockholders' equity $ 43.500
Total liabilities and Stockholders' equity $ 51.480
 Current ratio = Current assets
Current Liabilities
= $ 1.900
= 6.3
Debt to Asset ratio = Total liabilities
Total assets
= 15.5%
 Lazuris enterprises
Balance Sheet
April 30, 2025
ASSETS
Current assets
Cash $ 1,270
Accounts receivable $ 810
Inventory $ 967
Prepaid insurance $ 60
Stock investments $ 1,200
Total current assets $ 4,307
Long-term investments
Investment in land $ 14,200
Property, plant, and equipment
Land $ 3,100
Equipment $ 2,420
Less: Accumulated depreciation - equipment $ 670 $ 1,750
Intangible assets
Goodwill $ 1,800
Total assets $ 25,157
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liability
Accounts payable $ 834
Income tax payable $ 135
Notes payable (short-term) $ 61
Salaries and wages payable $ 222
Total current liabilities $ 1,252
Long-term liabilities
Mortgage payable (Long-term) $ 3,500
Total liabilities $ 4,752
STOCKHOLDERS' EQUITY
Common stock $ 16,900
Retained earnings $ 3,505
Total stockholders' equity $ 20,405
Total liabilities and stockholders' equity $ 25,157