30 x My Cou X My Cou My Cow Vitaso x M Omail X M Inbox My Dry X Untit 1-a42e7851a5235b7882aa5b0e1dbd3937061c08e/MyFiles/Downloads/FIN330220GHANZO Chapter 202%20(2).pdf FIN3301 Week 2 Name Date: 1. Building a Balance Sheet. ABCO, Inc. has current assets of $15,200, net fixed assets of $4,900, current liabilities of $6,600, and long-term debt of $10,000. What is the value of the shareholder's equity? How much is net working capital? Show your Balance Sheet. 2. Building an Income Statement. Billy's Exerminators, Inc. has sales of $900,000, costs of $303,000, depreciation expense of $50,000, interest expense of $38,000, and a tax rate of 35%. What is the net income? Show your Income Statement 3. Calculating Taxes. The Drydel Co. had $307,000 in taxable income. Using the tax rates from Table 2.3 (Pg 30), calculate the company's income taxes. Show your computation