bike-with-us corporation, a specialty bicycle

2. year Us Corporation, a specialty bicycle parts by two former experience including bicycle riders who nt venture, was started last space from competing in the Tour had competitive racing abbreviated members their families de France. The rwo borrowed rented and S60.000 and each up S30,000 capital. Retail Corporation income statement spent for fixtures and equipment. Following are the after one and balance sheet information for the Bike Us complete year of operation BIKE-WITH-US CORPORATION Sales Operating $325.000 Costs 285,000 Depreciation 10,000 Interest 5.000 Taxes 6,000 Cash S1.000 Receivables 30.000 Inventories 50,000 Fixed Assets, Net 50,000 Payables 11,000 Accruals 10,000 Long-Term Loan 50,000 Common Equity 60,000 Prepare an income statement and a balance sheet for the Bike-With-Us Corporation using only the information provided above. n Lome state cenu