1.Two years of financial statement data for the Barcelona Esport Corporation are shown below. BARCELONA EXPORTS CORPORATION Balance Sheet Cash Accounts Receivables Inventones Total Current Assets Fixed Assets, Net Total Assets 2012 $60,000 200,000 460 000 700,000 1,300,000 $2,000,000 2013 $60,000 300,000 670,000+ 920,000 1,380,000- $2,300,000 - Accounts Payable Accruals Bank Loan Total Current Liabilities Long-Term Debt Common Stock ($ 06 par) Additional Paid-in-Capital Retained Earnings Total Liab. & Equity 130,000 60,000 90,000 280,000 1,380,000 60,000 200,000 80,000 $2,000,000 $180,000 70,000 90,000 340,000 1,540,000+ 60,000+ 200,000- 160,000 $2,300,000 Income Statement Net Sales Cost of Goods Sold Gross Profit Marketing General & Administrative Depreciation EBIT Interest Earnings Before Taxes Income Taxes (40% rate) Net Income 2012 $2,300,000 780,000 1,520,000 130,000 160,000 40,000 1,190,000 46,000 1.144,000 457.600 $686,400 2013 $2,600,000 960,000+ 1,640,000 160,000 160,000+ 66,000 1,254,000 66,000 1,188,000 475.2004 $712,800 PLEASE EXPLAIN WITH YOUR OWN WORDS YOUR RESULTS 4 A. Estimate Barcelona's EBDAT breakeven in terms of survival revenues in 2012.- 2012