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Agata Polanska opened her first Pierogi Factory restaurant in Kitchener, Ontario in 2015. Customers love her authentic Polish pierogi, so Agata has steadily expanded her business to include four restaurants and a central kitchen facility. Pierogi Factory Ltd.s most recent fiscal year ended on December 31, 2020

earson.com/products/18156a88-cbcb-493e-87ff-113afc437fcc/pages/aec85e899cfObc59913d8719db48a 19e6ad028742-P700101667700000000000000000341A?redire... YouTube Maps e Re. 3 Accrual Accounting and the Financial Statements W GS Agata Polanska opened her first Pierogi Factory restaurant in Kitchener, Ontario in 2015. Customers love her authentic Polish pierogi, so Agata has steadily expanded her business to include four restaurants and a central kitchen facility. Pierogi Factory Ltd.'s most recent fiscal year ended on December 31, 2020. 176 Requirements 1. What form of business organization is the Pierogi Factory? How do you know? Why might have Agata decided to use this form of organization? 2. Information regarding Pierogi Factory's assets, liabilities, shareholder's equity, sales, expenses, and cash flows for its 2020 fiscal year is given below. Accounts payable $41,564 Income tax expense S52,274 Accounts receivable 15,632 Interest and other expense, net 9,225 Accrued liabilities 334,962 Inventories 49,518 Cash flows provided by operating activities 352,520 Long-term liabilities 313,586 Cash flows used by financing activities 133,074 Other operating expenses 700,090 20C Sunny ENG 12:46 PM IN 8/8/2021

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