BUSN 5200 Homework Assignment for Week 3: For Week 3, please complete the following for Joe's Fly-By-Night Oil Company, whose latest income statement and balance sheet are shown below: Joe's Fly-by-Night Oil INCOME STATEMENT, 2023 BALANCE SHEET, as of Dec 31, 2023 Sales $10.000 ASSETS Cost of goods sold 4.000 Cash $5,000 Gross profit 58.000 Accounts receivable 3,000 S. G & A expenses 3.000 Inventory 17.000 EBIT $3.000 Current assets $25.000 Interest 5200 Equipment (gross) 27.000 Before-tax earnings $2.800 Less Accum Depreciation (12.000) Taxes 1.000 Equipment (net) $15,000 Net income $1.800 Total assets 540.000 LIABILITIES AND EQUITY EPS $1.80 Accounts payable $17.000 Current liabilities $17,000 Dividends Long-term debt $3,000 Addition to retained earnings $1,200 Total liabilities $20,000 Common stock (1,000 shares) $7,000 Retained earnings $13,000 Total equity $20.000 Total liabilities & Equity $40.000 . Prepare a graph of sales and net income for the years 2020 - 2023. For the purposes of this exercise, assume the following historical sales and net income figures for Joe's Fly-By. Night Oil: Year Sales Net Income 2020 $8,200 $1,500 2021 $8,000 $1,400 2022 $9,000 $1,600 2023 $10,000 $1,800 Comment on the results displayed on the graph. . Prepare a pie chart of Joe's Fly-By-Night Oil's expense distribution for 2023 and comment on the results displayed.. Prepare a pie chart of Joe's Fly-By-Night Oil's asset distribution for Dec 31, 2023 and comment on the results displayed. . Prepare a pie chart of Joe's Fly-By-Night Oil's capital structure for Dec 31, 2023 and comment on the results displayed. Note: Be sure to comment on each of the four graphs. The numbers mean little without your explanatory comments. Case Study Tasks: 1. Revise your Company Overview file based on your instructor's feedback when received. 2. If you haven't done so already, enter the data from your company's last two years" income statements, balance sheets, and statements of cash flows onto an Excel spreadsheet and begin working on the Financial Overview section of your report