At year end 2015, Yung.com had notes payable of $1200, accounts payable of $3400, and long-term debt of $3000. Corresponding entries for 2016 are $1600, $3000, and $2800. Asset values are below: Current Assets 2015 2016 Cash $600 $300 Marketable Securities 400 300 Accounts Receivable 900 800 Inventory 2000 2200 Fixed Assets Net Plant & Equipment $7000 $9000 1. Prepare the companys balance sheets for the end of 2016 and 2015, respectively. Hint: you must calculate equity in order to balance! (4 points) 2. Prepare an income statement for Yung.com for 2016. During the year 2016, Yung.com had sales of $1000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The tax rate is 34%. (4 points)