A. Prepare income statement and balance sheet of Indus Corp as on 31" Dec, 2016. Particulars Amount ($ '000) Sales 37,436 Cash 4,895 Cost of goods sold 26,980 Accounts Payable 7,156 Accounts Receivable 5,714 Selling, general, and administrative expense 3,624 Inventories 8,517 Research and Development expense 1,982 Plant and Equipment 7,154 Interest expense 450 Long term liability 20105 Land 981