B inancial Instructions Review the following PowerPoint for more information on financial statements. Then, download the "Financial Statements Assignment" document below: Additional Accounting Information (pdf) Financial Statements Assignment Jury CITICTICS Rename the "Financial Statements Assignment" document to add your name to the beginning of the file name, for example, FirstNameLastName_Mod 7 Assignment1 In this assignment, you will complete two tasks: 1. Identify which column specific business-related costs belong to which group: Balance Sheet or Income Statement. 2. Calculate the Owner's Equity and Gross Profit to verify that you categorized the items correctly. On completion of this assignment, save your document and submit it to this Assignment dropbox. Grading Rubric: There is no grading rubric associated with this assignment. Your score will be deducted by one point per item that is not categorized correctly