1. Generate the Balance Sheet and Income Statement for each of the following companies using the data on the table. 45,500.00 26,000.00 1,000.00 22,950.00 a. ABC Company, for the year ended 2020 Accounts Payable 22,000.00 Inventories Accounts Receivable 25,000.00 Land Accumulated Depreciation 38,000.00 Lease expense Buildings and Equipment 190,000.00 Long term debt Marketable Cash 500.00 Securities Common Stock 31,500.00 Notes Payable Cost of Goods Sold 106,000.00 Retained Earnings Depreciation Expense 10,000.00 Sales Revenue General and Administrative expenses 10,000.00 Selling Expense Interest Expense 6,100.00 Tax 1,000.00 147,000.00 26,550.00 160,000.00 16,000.00 0.40