I need help to create the income statement, balance sheet, statement of retained earnings, statement of cash flows, ratio analysis and vertical and horizontal analysis. Please complete the spreadsheet using formulas so I can see how everything was calculated.
_Land with the land improvements were sold at book value (no gain or loss) in 2014. (Note: To evaluate the sale, use the following accounts: land, building and land improvements, and Other Noncurrent Assets)
_New equipment purchased with cash for $2,739,067 in 2014
_New storage building purchased with cash for $135,000 in 2015
_No investments have been sold or purchased in 2014 or 2015
There are currently 8,275,000 shares of common stock outstanding. No additional common stock has been sold or repurchased in any of the aforementioned years.© BrainMass Inc. brainmass.com March 22, 2019, 3:18 am ad1c9bdddf
The expert examines financial statements and horizontal analysis for new equipment for a company. Investments are analyzed. The response addresses the query is in attached file.