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can someone create the income statement and the balance sheet for both A and B? I've posted this twice and have received incomplete answers as

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can someone create the income statement and the balance sheet for both A and B? I've posted this twice and have received incomplete answers as well as answers that conflict eachother. If someone could help me it would make my night!

ACCOUNTING 2010 SPECIAL ASSIGNMENT FALL 2015 Aardvark Company and Bear Company both began operations on 1/1/15. The companies had identical balance sheets at 1/1/15, consisting of the following items: 85,000 Cash $100,000 Merchandise Inventory (3,000 units at $4 each) S 12,000 Delivery trucks Note payable (10%) 80,000 Common stock 117.000 During 2015, the two companies had identical transactions. All five transactions described below were cash transactions Purchase: 3/1/15 (5,000 units at $6 cach) Purchase: 5/1/15 (6.000 units at $9 each) Sales: 8/1/15 (11.200 units) Selling expenses paid at various dates Administrative expenses paid at various dates 30,000 54.000 172.000 24.000 20,000 The note is due with interest on 1/1/16. The delivery trucks have a useful life of five years with a total expected salvage value of $15,000. Both companies have a 30% income tax rate, and all income taxes for 2015 will be paid in 2016. A. Aardvark Company wishes to report as high a net income as possible. Prepare a 2015 income statement and a 12/31/15 balance sheet for Aardvark. Choose the depreciation method and inventory cost flow assumption that will result in the highest net income. B. Bear Company wishes to report as low a net income as possible. Prepare a 2015 income statement and a 12/31/15 balance sheet for Bear. Choose the depreciation method and inventory cost flow assumption that will result in the lowest net income. MacBook Air

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