This graph shows how the sales went down from he beginning of the business cycle. Furthermore, this is the Statement of Income. As you can see this is the financial statement that shows transactions and events encountered by the company and why it arrived to the result of a net loss
Sept Aug July June
Cortez Corp.Statement of Comprehensive IncomeFor the year ended Dec. 31 2020Revenues 10,890Less Expenses Cost of Goods Sold 10,200 Depreciation Expense 2,000 Wage Expense 750 Rent Expense 500 Interest Expense 500 Supplies Expense 500 Utilities Expense 400 (14,850)Net Income (3,960)
This only means that the management failed to do their job!!
Sir we're really sorry but the company is failing
Ok, now that we have known what the company has gone through, from that we will try our best to make amends in terms of the failures and solve the arising problems as shown in the statement of comprehensive Income given