1. Generate the Balance Sheet and Income Statement for each of the following companies using the data on the table. 750,000.00 50,000.00 2,800,000.00 50,000.00 200,000.00 1,000,000.00 a. XYZ Company Accounts Payable 900,000.00 Inventories Accounts Receivable 800,000.00 Lease expense Accruals 100,000.00 Long term debt Accumulated depreciation 3,000,000.00 Marketable Securities Cash 200,000.00 Notes Payable Common stock (200,000 shares at 3 par) 600,000.00 Other Assets Paid in capital in Cost of Goods Sold 7,500,000.00 excess of par value Preferred stock (25,000 shares, 2 Depreciation expense 200,000.00 dividend) Preferred stock Earnings per Share 3.05 dividends General and Administrative Expense 650,000.00 Retained Earnings Gross Fixed Assets 12,000,000.00 Sales Revenue Interest expense 200,000.00 Selling Expense Tax 5,200,000.00 1,000,000.00 50,000.00 1,000,000.00 10,000,000.00 300,000.00 0.40