accounts. ATC 2-4 Writing Assignment Revenue Recognition and Matchin Glenn's Cleaning Services Company is experiencing cash flow problems and needs a loan. Glens who is willing to lend him the money he needs provided she can be convinced that he is viable, but hig has a friend will be able to repay the debt. Glenn has assured his friend that his business friend has asked to see the company's financi following financial statements: al statements. Glenn's accountant produced the Income Statement Balance Sheet $85,000 $35,000 $38,000 Assets Service Revenue Operating Expenses (70,000 Liabilities Net Loss $32000) Stockholders' Equity Common Stock 82,000 Retained Earnings (32,000) Total Liabilities and Stockholders' Equity$85,000