1. Given the account balance for December 31, 2018 listed below prepare a balance sheet and income statement in good form for XYZ Company. Inventory 50,000 Depreciation 10,000 Accumulated Depreciation - Building 15,000 A Building 75,000 Sales Revenue 300,000 Supplies Expense 8.000 Advertising Expense 15,000 Utilities Expense 12,000 Accrued Liabilities 10,000 Cost of Goods Sold E 90,000 Cash 25,000 Accounts Receivable 45,000 Maintenance & Repairs Expense S 7,500 Insurance Expense 20,000 Accounts Payable 8,000 Loan Payable 75,000 Payroll Expense 85,000 Telephone Expense 3,000 Beginning Retained Earnings 37,500 Do