I have accounting assignment?

p1template_for_students.xls

2011 Adjustments

Income Statement	As Original 2011	Effect of Change 20X4	Adjusted 2011
Sales	$ 650
COGS	300
SGA Expense	80
Income Before Income Taxes	270
Income Taxes	108
Net Income	$ 162
Balance Sheet	As Original 2011	Effect of Change 20X4	Adjusted 2011
Cash	$ 20
Inventory	100
Prepaid Assets	15
Total Current Assets	135
PPE	630
Total Assets	$ 765
Accounts Payable	$ 100
Income Tax Payable	108
Total Current Liabilities	208
Long Term Liabilities	300
Paid-in Capital	95
Retain Earnings	162
Total Equity	257
Total Liabilities and Equity	$ 765
Cash Flow Statements	As Original 2011	Effect of Change 20X4	Adjusted 2011
Net Income	$ 162
Adjustments to Reconcile NI
to Net Cash Provided by Operating Activities
(Increase)/Decrease in Inventory	(100)
Increase/(Decrease) in Income Tax Liability	108
Other Operating, Investing, and
Financing CF Activities	(150)
Net Increase/(Decrease) in Cash	20
Beginning Cash Balance	-
Ending Cash Balance	$ 20

Income Statement	As Original 2012	Effect of Change 20X5	As Adjusted 2012
Sales	$ 700
COGS	350
SGA Expense	100
Income Before Income Taxes	250
Income Taxes	100
Net Income	$ 150
Balance Sheet	As Original 2012	Effect of Change 20X5	As Adjusted 2012
Cash	$ 10
Inventory	150
Prepaid Assets	5
Total Current Assets	165
PPE	1,065
Total Assets	$ 1,230
Accounts Payable	$ 268
Income Tax Payable	100
Total Current Liabilities	368
Long Term Liabilities	455
Paid-in Capital	95
Retain Earnings	312
Total Equity	407
Total Liabilities and Equity	$ 1,230
Cash Flow Statements	As Original 2012	Effect of Change 20X5	As Adjusted 2012
Net Income	$ 150
Adjustments to Reconcile NI
to Net Cash Provided by Operating Activities
(Increase)/Decrease in Inventory	(50)
Increase/(Decrease) in Income Tax Liability	(8)
Other Operating, Investing, and
Financing CF Activities	(102)
Net Increase/(Decrease) in Cash	(10)
Beginning Cash Balance	20
Ending Cash Balance	$ 10