Upon the study of the SFP For the year ended December 31, 2020.
Q1. What is the total amount of sales during 2020?
Q2. What is the total amount of purchases during 2020?
Q3. What is the total depreciation for 2020?
Q4. What is the total interest expense for 2020?
Q5. What is the total net income during 2020?
Extracted text: January 1 December 31 Assets Cash 330,000.00 750,000.00 Accounts receivable 740,000.00 950,000.00 Notes receivable 200,000.00 210,000.00 Inventory 1,600,000.00 1,500,000.00 Prepaid Expenses Investment (at cost) 120,000.00 100,000.00 400,000.00 100,000.00 Equipment 1,000,000.00 1,200,000.00 4,810,000.00 4,390,000.00 Liabilities and Equity Notes payable 750,000.00 580,000.00 Accounts payable Interest payable Accrued expenses Bonds payable Share capital P100 par Share premium 600,000.00 750,000.00 30,000.00 40,000.00 50,000.00 500,000.00 1,300,000.00 1,500,000.00 1,000,000.00 1,000,000.00 Retained Earnings 500,000.00 600,000.00 4,390,000.00 4,810,000.00 TRUE TRUE
Extracted text: The following data resulted from the analysis of cash receipts and disbursements. Receipts Issue of share capital 800,000.00 Trade receivables- accounts and notes 2,950,000.00 Note receivable discounted: Face value, P200,000 proceeds 190,000.00 12% one-year note issued to bank Issued and discounted on 03/01/2020 300,000.00 Sale of investment 250,000.00 Total 4,490,000.00 Disbursements Trade payables- accounts and notes 2,100,000.00 Expenses 790,000.00 Dividends 400,000.00 Equipment 280,000.00 Bonds 500,000.00 4,070,000.00 Total