1. Firm AAA just showed how it operated in the prior year. Sales - \$2,000; Cost of Goods Sold = \$1,000; Depreciation Expense - \$200; Administrative Expenses = \$180; Interest Expense - \$30; Marketing Expenses - \$50; and Taxes = \$200. Prepare income statement 2. A firm has $2000 in current assets, $3000 in fixed assets, $300 in accounts receivables, $300 accounts payable, and $800 in cash. What is the amount of the inventory? (hint: 900) 3. A firm has net working capital of $1000. Long-term debt is $5000, total assets are $8000, and faxed assets are $5000. What the amount of the total equity? (Hint: to find total equity, you need to calculate total debt, which is a sum of long term debt and short term debt. Short term can be found from new working capital.) (hint: 1000)