AB 299 Course Great Wisdom / tutorialrank.com AB 299 Course Great Wisdom / tutorialrank.com | Page 9

This assignment is not looking for dollar figures, but primarily your
justification on why the line items will change and what direction they
will change, if any. You may make assumptions based on the
increased sales volume and how it will affect income and expenses, if
and when you do make these assumptions, please describe them and
their effects on each line item.

You can go on the Internet and search for videos covering financial
statements.

These are the line items:

Income earned:

Expenses include:

Salaries
Rent
Depreciation
Supplies
Lease (on your refrigerator) Tax

Interest (on loans currently held) Insurance