2. Using the following below, build the balance sheet and income statement for this merchandize business.

Cash - $10,000	Accounts Receivable - $80,000
Sales Discounts - $4,000	Sales Expense - $5,500
Owners Equity - $ 58,000	Gross Profit - $56,000
Accounts Payable - $30,500	Unearned Rent $3,500
Equipments - $ 25,000	Interest Expense $1,000
Cost of Goods Sold - $78,000	Administrative Expenses - $4,000
Wages Payable - $8,000	Accumulated Depreciation, Equipments - $15,000
Interest Revenue - $1,500	Sales $138,000