urgent !!!! Problem 1.- The company Telefonica has a new project, and is asking Banco Santander, the bank where you work

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urgent !!!!
Problem 1.-
The company Telefonica has a new project, and is asking Banco
Santander, the bank where you work as a credit manager a loan to
proceed with the investment for an amount of 2.000.000 to be paid
in 5 years.
The company has delivered to you the trial balance for the years
2020 and 2021.
The company was founded in 1950 and has 100000 shares
outstanding.
During the year the company issued 20000 shares at a market
value of 120€.
Prepare an Income statement for the years 2020 and
2021.
Balance Sheet for the years 2020 and 2021.

Urgent Problem 1 The Company Telefonica Has A New Project And Is Asking Banco Santander The Bank Where You Work 1 (137.27 KiB) Viewed 38 times

Telefonica Cash Buildings Office Furniture Accounts Receivable Inventories Unexpired insurance Capital Stock Paid in capital Retained Earnings Note Payable Acc. Payable Tax Payable Acc. Depreciation furniture Acc Depreciation building Sales COGS Consulting expenses Insurance expenses Salary expenses Utility expenses Depreciation expense furniture Building depreciation expense Iterest expense Tax expense TOTAL Trial Balance Company December 31st 2020 100.000 2.000.000 23.690 450.000 350.000 20.000 Telefonica Company 1.075.690 230.000 410.000 320.000 3.000 13.000 250.000 3.000.000 Trial Balance 1.895.000 22.000 2.000 200.000 60.000 4.000 40.000 10.000 125.000 5.301.690 5.301.690 December 31st 2021 3.902.006 2.200.000 26.000 500.000 400.000 25.000 Telefonica 1.290.828 2.184.862 872.000 1.187.616 350.000 129.000 17.000 290.000 3.050.000 2.000.000 51.000 2.300 20.000 70.000 4.000 40.000 2.000 129.000 9.371.306 9.371.306