Attachment # 00006793 - CanGo_company_financial_statements.docx
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(refer to the detailed question and attachment below)
I want you to put the financial statements below in order(into a table) and create charts for each one of them. Gongo Company Blanace Sheet The following is the balance sheet of CanGo Company limitedResources | December 31, 2009 | LIABILITIES | December 31, 2009 | December 31, 2008 | Money | $20,900,000 | Accounts Payable | $22,000,000 | Attractive Securities | $117,000,000 | Accrued Advertising | $11,800,000 | Records of sales | $33,000,000 | Other Liabilities and Accrued Expense | $1,400,000 | Less: Allowance for Bad Debts | ($880,000) | Current Portion of Long-Term Debt | $2,300,000 | Net Accounts Receivable | $32,120,000 | | Total Current Liabilities | $37,500,000 | Stock | Crude Materials | $2,000,000 | Long Term Debt | $57,400,000 | Work-in-procedure | $1,000,000 | Completed Goods | $5,000,000 | Total Fixed Liabilities | $57,400,000 | Stock Purchased for Resale | $24,000,000 | Total Inventory | $32,000,000 | | Total Liabilities | $94,900,000 | Total Current Assets | $202,020,000 | | OWNERS' EQUITY | Plant, Property and Equipment | $6,700,000 | Preferred Stock, $100 standard worth per offer, | Less: Accumulated Depreciation | ($320,000) | 100,000 approved, 0 shares issued and exceptional | $0 | Net Plant, Property and Equipment | $6,380,000 | | Common Stock, $1 standard quality per offer, | Prepaid Expenses | $200,000 | $13,000,000 | Goodwill and Other Purchased Intangibles | $28,000,000 | Additional Paid-in-Capital in abundance of standard quality, Common Stock | $117,000,000 | Less: Accumulated Depreciation | ($700,000) | Net Goodwill and Other Purchased Intangibles | $27,300,000 | Treasury Stock | ($1,000,000) | Aggregate Fixed Assets | $33,880,000 | Retained Earnings (less Cash Dividends Paid) | $12,000,000 | $11,000,000 | | Total Owners Equity | $141,000,000 | Total Assets | $235,900,000 | Total Liabilities and Owner's Equity | $235,900,000 |Income Statement December 31, 2009 | December 31, 2008 |Deals Revenues | $51,000,000 | $10,300,000 | Less: Sales Returns | ($1,000,000) | ($300,000) | Net Sales Revenues | $50,000,000 | $10,000,000 | Less: Cost of Goods Sold | ($9,000,000) | ($4,000,000) | Gross Profit | $41,000,000 | $6,000,000 | Working Expenses: | Publicizing and Sales | ($26,000,000) | ($3,000,000) | Devaluation | ($160,000) | Pay rates and Wages | ($1,700,000) | ($1,400,000) | Item Development | ($4,000,000) | ($1,200,000) | Merger and Acquisition Related Costs, including | Amortization of Goodwill and Other Intangibles | ($700,000) | $0 | Aggregate Operating Expenses | ($32,560,000) | Salary from Continuing Operations before Income Taxes | $8,440,000 | Less: Income Taxes at 35% | ($2,954,000) | Salary from Continuing Operations | $5,486,000 | Ceased Operations: | Salary from Operations of Discontinued Division | (Less relevant pay charges) | $350,000 | Misfortune on Disposal of Discontinued Division | (Less relevant salary charges) | ($150,000) | Aggregate Gain from Discontinued Operations | $200,000 | Extraordinary Items: | Misfortune from flame (less relevant salary charges) | ($200,000) | Net Income | $5,486,000 | Divisional Revenues | Books | $15,000,000 | $7,000,000 | Internet gaming | $25,000,000 | Modified MP3/CD/DVD | $10,000,000 | $3,000,000 | Absolute Divisional Revenues | $50,000,000 | $10,000,000 | Modified MP3/CD/DVD Inventory at end of 2009 | $8,000,000 |
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    Tutorial # 00084235 Posted By: paul911 Posted on: 08/06/2015 05:12 PM
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