Sample – Income Statement
Sample – Balance Sheet
Sample Company
Income Statements
Balance Sheets
As at August 31 (in $000)
Current Assets:
Cash
Accounts receivable
Inventory
Prepaid expenses
Total current assets
Investments
Fixed Assets:
Land
Buildings
Furniture and fixtures
Fixed assets, cost
Less: accumulated amortization
Total fixed assets (net)
Total Assets
Liabilities & Equity
Current liabilities:
Accounts payable
Line of credit
Income taxes payable
Current ptn of LTD
Total current liabilities
Bank loan (due December 31, 2010)
Other long-term loans
Total liabilities
Equity
Preferred shares
Common shares
Retained earnings
Total equity
Total Liabilities & Equity

Sales
Cost of goods sold
Gross margin
Operating expenses:
Salaries and benefits
Administrative expenses
Advertising
Amortization
Total operating expenses
Operating earnings (EBIT)
Less: interest expense
Earnings before tax
Income taxes
NIAT
For Years Ending August 31 (in $000)
1) In 2003, the company had 12,000 preferred shares and 122,300 common shares outstanding. In 2004, Sample Company sold 1,500 preferred and 800 common shares. The company pays a dividend of $1 per share on the preferred shares. In 2003, Sample Company paid common share dividends of $36,690.
2) Sample Company is a CCPC and is a manufacturer. The amount of CCA the company could claim in 2003 and 2004 was $36,120 and $71,485 respectively….