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10. ABC Inc was just awarded a $1 million contract to supply a new customer (DACA INC) with electrical equipment. Below is an overview of

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10. ABC Inc was just awarded a $1 million contract to supply a new customer (DACA INC) with electrical equipment. Below is an overview of DACA's financial statements. In a brief paragraph explain why ABC Inc should or should not accept this order Balance Sheet Year End Dec 2020 Assets Cash 1,000 A/P AR 80,000 Notes Payable Inventory 160,000 Current Liabilities Current Assets 241,000 Long Term debt Fixed Assets 700,000 Owners Equity Liabilities 200,000 320,000 520,000 Income Statement Year End Dec 2020 Revenue 1,001,000 Operating Expenses Rent Expense 35,000 Salary Expense 125.000 Utilities Expense 10,000 Legal Expense 250,000 Interest Expense 500,000 Tax Expense 33,000 400,000 21,000 Net Income Total Assets 941,000 941,000 Total Liabilities + OE 48,000

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