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ABC Company and complete the following tasks: 1. In the Assignment 2 dropbox area you will find three files: the ABC financial statements; the Excel

ABC Company and complete the following tasks: 1. In the Assignment 2 dropbox area you will find three files: the ABC financial statements; the Excel file "Spreadsheet ABC"; and the formula sheet. 2. Type your names and ID numbers in the "OBJ" tab of the "Spreadsheet - ABC" file. Identify the type of statement and/or auditor's opinion and add it in cell A5 of the "BS" worksheet/tab. Possible choices: Internally Prepared, Compilation, Review, Audit - Unqualified, Audit - Qualified, Audit - Adverse, Audit - Disclaimer. 3. Transfer the amounts from the ABC balance sheet to the "BS" tab of the Excel file. Maintain the existing account categories in this file. Make sure that after you finish entering the data, the accounting equation is valid i.e. Total Assets = Total Liabilities and Total Stockholders Equity. 4. Transfer the data from the ABC income statement to the "IS" tab of the Excel file. Again, you should not change the existing categories in the file. 5. Then you need to create the common-size income statement (CSIS tab) and the common size balance sheet (CSBS tab). This is known as vertical analysis and

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