1. Review the rubric to make sure you understand the criteria for earning your grade.
2. Review Higgins Chapter 1 Slides and the Financial Accounting Chapter 2 PowerPoints.
3. Using Assignment 1.6 Worksheet, prepare the following financial statements for the mini-case “Financial Statements for Sunset Boards, Inc.”
   1. Income Statement for 2018 and 2019
   2. Balance Sheet for 2018 and 2019
   3. Cash Flow Statement for 2019
4. Tad Marks, the company’s founder, is considering expanding the business, which will require a substantial investment.  Evaluate the financial statements you have developed and Sunset Board’s cash flow. In your Excel document or a separate Word document, write a paragraph explaining whether you feel expansion would be a wise choice and why. 

Preview Rubric
1.6 Assignment (50 Points)

This table lists criteria and criteria group name in the first column. The first row lists level names and includes scores if the rubric uses a numeric scoring method.CriteriaLevel 4Level 3Level 2Level 1Criterion ScoreIncome Statement and Balance Sheet Preparation20 points

You demonstrated a clear understanding of preparing the statements while using the appropriate format and approach.

19 points

(16-19 Points)

You demonstrated competent understanding of preparing the statements, using an appropriate format and approach.

15 points

(11-15 Points)

You demonstrated some understanding of preparing the statements, using an appropriate format and approach.

10 points

(0-10 Points)

You demonstrated little to no understanding of preparing the statements, or did not use an appropriate format or approach.

/ 20Cash Flow Statement Preparation10 points

You demonstrated a clear understanding of preparing the statement while using the appropriate format and approach.

9 points

(8-9 Points)

You demonstrated competent understanding of preparing the statement, using an appropriate format and approach.

8 points

(6-8 Points)

You demonstrated some understanding of preparing the statement, using an appropriate format and approach.

5 points

(0-5 Points)

You demonstrated little to no understanding of preparing the statement, or did not use an appropriate format or approach.

/ 10Evaluation of Business Expansion20 points

You demonstrated clear, insightful critical thinking and provided a detailed explanation for your analyses and evaluation of the expansion plans.

19 points

(16-19 Points)

You demonstrated competent critical thinking and provided a basic explanation for your analyses and evaluation of the expansion plans.

15 points

(11-15 Points)

You demonstrated limited critical thinking and provided little explanation for your analyses and evaluation of the expansion plans.

10 points

(0-10 Points)

You demonstrated little to no critical thinking and provided little if any explanation for your analyses and evaluation of the expansion plans.

/ 20Rubric Total ScoreTotal/ 50

Overall Score

Overall Score

Level 1