2. Consider the following items occurred in 2017 accounts ending balance. Using the data given, generate a balance sheet and an income statement if the combined income tax rate is 25%. Short-term debt Cash Cost of goods sold Overhead Common equity Gross Income Property and equipment-net Inventory Account payable Depreciation-Expense Account receivables Long-term debt Selling and admin. Expenses 2017 690 400 1,080 230 1,330 2,450 1,200 790 350 400 560 580 100