A company presents the following Balance Sheet on 12/31/97 (in pts). Let's make: The Daily Book, The General Ledger, The Trial Balance, The Income Statement, and the Results Adjustment Entry. All fixed assets are depreciated at 10% per year. All purchase and sale amounts must have 16% VAT added.

The company has 10,260,000 pts in assets and liabilities.
The company has 7,080,000 pts in equity.
The company has 2,400,000 pts in fixed assets.
The company has 1,380,000 pts in current assets.
The company has 4,080,000 pts in current liabilities.