b) Assume that you are a financial analyst with a company and the financial manager ask you to create an income statement for the year Dec, 2020. You are given following information. The company curreny have total asset of $400,000. The Company also has current asset and current liability of $100,000 and $80,000 respectively. The asset is financed through debt and equity. Total outstanding debt include $150,000 and total equity of $250,000. The company pay 10% interest for the debt