3-5. (Working with an income statement and balance sheet) Prepare a balance sheet and income statement for Belmond, Inc. from the following information Inventory $6,500 Common stock 45,000 Cash 16,550 Operating expenses 1,350 Short-term notes payable 600 Interest expense 900 Depreciation expense 500 Net sales 12,800 Accounts receivable 9,600 4,800 Accounts payable Long-term debt Cost of goods sold Buildings and equipment Accumulated depreciation 55,000 5,750 122,000 34,000 Taxes 1,440 General and administrative expense 850 Retained earnings