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Nining CaseEssay Preview: Nining CaseReport this essayAdvanced Management Accounting, R. S. Kaplan, A. A. Atkinson,International Edition, Third Edition, Prentice Hall International, Inc, 1998p. 486.RequiredDetermine the profit the K&S Construction Company for this sale.Construction Company to Mr. Baxter.Price of new house$200,000Trade-in form old house50,000Cash(From mortgage)150,000Value receivedCash$150,000Trade-in40,000Total$190,000Cost of building new house160,000Profit$ 30,000Cost of repairing roof & basement.