Barbie is trying to create financial statements for her start$-$up company, Movie Monguls. Barbie began the business on Jan $1,2023$ with a $$10,000$ investment from her parents. The year $2023$ is over, and Barbie needs help to generate a profit and loss statement $($Income statement$)$ and Balance sheet. She can look online and see that her cash is about even with what she started the year with $($$$10,000).$ Barbie has two products, streaming videos and podcasts. She purchased an initial inventory of $100$ units of each product in mid$-$January, $2023.$ The streaming videos cost $$15$ per video and the podcast rights were $$10$ per unit. Sales have been good. Barbie advertises solely on her internet website. She has sold $1,000$ videos and $800$ podcasts. She charges $$30$ and $$20$ each for the products, respectively. Her website hosting site charges $$2\mathrm{.}00$ for each unit sold. Barbie has replenished her inventory by purchasing $1,500$ units of each type of product from the movie studio at the same cost as her initial inventory purchases. Barbie$$s only other cost is stickers; she sends a thank you sticker to each customer at a cost of $$1\mathrm{.}00$ including shipping. She does not currently pay herself a salary as she is running the business after her acting job. TO DO: $1.$ Generate an income statement and balance sheet for Barbie using Excel. You will have $3$ worksheets within one workbook: $-$ Input sheet: Type in the data given in this case; $-$ Income statement: Create an income statement for the year ended $12/31/23.$ The income statement should look like this: $-$ Balance sheet: Create a balance sheet as of $1/1/23$ and $12/31/23,$ which looks like this: $-$ You will need to compute your ending cash balance as of $12/31/23$; it is within $$1,000$ of the beginning cash balance as of $1/1/23.2.$ Create a conditional $$if$$ statement showing that Assets $=$ Liabilities $+$ Owner$$s Equity. If the condition is met, it should say EQUAL. If the condition is not met, it should say PROBLEM. Include this formula on your balance sheet, last line $($see format above$).3.$ All numbers on the income statement and balance sheet MUST BE either a formula or a cell reference. No numbers can be input on these sheets. You will cell reference back to the input sheet. $4.$ Use good workpaper documentation. This means that a reviewer $($me in this case$)$ can visually follow your work without looking at excel formulas. For example, show the quantity and price for sales, not just the revenue amount. In other words, show your work.