Balance Sheet Answer is not complete. TOWER COMPANY Horizontal Statements Model for Year 3 Income Statement Assets Stockholders' Equity Date Cash BV Truck Common Stock Retained Revenue Statement of Expense = Net Income Cash Flow Earnings Balance 35,000 + 19,000 |= 19,000 + 35,000 = 1/4 (7,500) + = + = (7,500) IA 7/6 (400) + = + (400) 400 = (400) (400) OA 8/7 (500) + = + (500) 500 = (500) (500) OA 12/31 (9,000) + = + (9,000) 9,000 = (9,000) (9,000) OA 12/31 + |= + = Total 17,600 + 19,000 = 19,000 + 25,100 0 9,900 = (9,900) (17,400) NC