Accounting analysis

[Name of the Institute]

HYDROMANT, INC

Statement of Income

For the Year ending December 2013

Service Revenue

1874000

Cost and Expenses

Cost of goods sold

529103

Selling and administrative expenses

229747

Depreciation and amortization

229747

Depreciation and amortization

63993.6

Total Cost and Expenses

1052591

Operating Income before Tax

821409.4

Income Tax Expenses

246422.8

Net Income

574986.6

HYDROMAINT,INC

Balance Sheet

Assets

December 31,20X3

Current Assets

Cash

349694

Account Receivables

200000

Supplies on hand

15030

Prepaid insurance

5200

Net operating tax benefit, net of

1898

7052

valuation allowance of

Total Current Assets

576976

Property, plant and Equipment

Equipment, net accumulated

(17000+7000)

28000

depreciation of

Vehicles, net accumulated depreciation of

(48000*2)

96000

Total property plant and Equipment

124000

Other Assets

License agreement

35000

Total Assets

735976

Liabilities and Owners Equity

Liabilities

Current Liabilities

Accounts Payable

30248

Wages Payables

2660

Interest Payables

5760

Income Tax Payables

246423

Total Current Liabilities

285091

Long Term Liabilities

Notes Payable

288000

Total Liabilities

573091

Owners Equity

Common Stock, PAR 1025000

Authorized,12000

shares issued and outstanding

120000

Retained Earnings

Total Owners Equity

42885

Total Liabilities and ...