1) Prepare an income statement in proper format 2) Is this a high or low risk loan? 3) Provide a financial analysis on the balance sheet (ratios) 4) Discuss any non-financial factors you may think are important 5) Recommend whether to provide the loan and why. Halloween Costume and Supplies Shop Balance Sheet As of September 30, 2019 ASSETS Cash Accounts Receivable Inventory Total Current assets $8,228 $368,280 $42,480 $418,988 LIABILITIES AND EQUITY Accounts Payable $206,0801 Wages Payable $46,4801 Taxes Payable $84,000 Total Current Liabilities $336,560 Store Furnishings Accumulated dep'n $840,000 ($404,000) Long term debt Shareholders' equity $184,000 $234,428 TOTAL ASSETS $754,988 TOTAL LIABI & EQUITY $754,988 INCOME STATEMENT ACCOUNTS Salaries expense Cost of Goods Sold Depreciation expense Sales revenues Office expenses Selling expense Income tax rate $182,616 $740,740 $69,322 $1,134,567 $63,542 $61,728 20%