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UPI Industries Ltd., a Canadian corporation with a head office in Nova Scotia, has recently...

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Accounting

UPI Industries Ltd., a Canadian corporation with a head office in Nova Scotia, has recently been designated a public corporation. Its shares are traded on the TSX Venture Exchange. Over the past year, the company has pursued an aggressive expansion policy. Sales personnel based at head office have travelled to North Dakota and Minnesota and have achieved moderate success in developing new customers in the United States. In addition, the company has opened a branch location in Alberta by establishing an office and manufacturing plant staffed by new Alberta personnel. The Alberta manufacturing plant is the company's first venture into manufacturing.
Selected financial information for the company's current fiscal period is presented in the following chart.
1.
\table[[,Head office,Alberta branch],[Canadian sales,$9,317,000,$1,730,300
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