4) XYZ Company reports the following accounts and balances at December 31, 2022: Accounts Payable $22,800 Accounts Receivable 18,800 Cash 24,400 Land 82,400 Machine 129,200 Merchandise Inventory 63,600 Long-term Note Payable 79,200 Short-term Note Payable 14,400 Paid-in Capital 200,000 Retained Earnings ? Sales Revenue 122,000 Cost of Goods Sold 80,000 Operating Expenses 40,000 i) (10 points) Prepare a balance sheet at December 31, 2022. ii) (8 points) Prepare an income statement for the year ended December 31, 2022.