2. Produce Armrest Inc.'s projected income statement at the end 2023 and determine the operating income, earnings before taxes and net income. [3.5 marks] 3. As at December 31st, 2022, Armrest Inc. presented the following financial data: $320,000 in cash, $100,000 for inventory, $580,000 in equipment, $500,000 in bank loans, $300,000 in accounts payable and $100,000 in other liabilities. Produce a balance sheet for Armrest Inc. for the year 2022. [3.5 marks] 4. For the month of February 2023, Armrest Inc. reported the following financial data in its journal: $100,000 in sales, $10,000 in new loans taken out, $2,000 for rent, $75,000 for production materials, $2,000 for marketing, $20,000 in salaries, and $10,000 for electricity. Produce a cash flow statement for Armrest Inc. for February 2023. [1.5 marks]