As an accountant for Johnson & Johnson, you are required to prepare the income statement and balance sheet as of December 29, 2022 using the following data:

• Total revenue: $100,000,000
• Total expenses: $75,000,000
• Total assets: $150,000,000
• Total liabilities: $90,000,000
• Common stock: $30,000,000
• Retained earnings: $30,500,080

Prepare the balance sheet and the income statement for Johnson & Johnson as of December 29,2022