1) Prepare the company's 2018 balance sheet and income statement.

HW ASSIGNMENT #1 BYRON COMPUTERS Byron Computers ("Byron") is a small family owned 1 year old entrepreneurial computer company that was started in January 2018. The company manufactures and sells keyboards for major hardware computer companies like Apple, Dell and HP. Byron is in the process of organizing its financial records for 2018. Recently, the company hired Mary Landrum as a financial analyst to assist the company in preparing its 2018 financial statements. After compiling the relevant bank statements, sales receipts, tax records and purchase orders, Mary assembled the following account information: $4,456 452 248 62 Cost of goods sold Cash Depreciation Interest expense Selling, general & administrative expense Accounts payable Net fixed assets Sales Accounts receivable Short term notes payable Long term debt Inventory Owner's Equity Federal Income Tax expense 848 519 3,601 7,557 716 247 1,509 733 3,227 776