Cash + Requirement 2. Prepare an income statement for 20x2 and a balance shoot for December 31, 20X2 Prepare the income statement for 20X2. (1.eave any unused cells blank. Use a minus sign or parenthe Cynthia Company Income Statement For the Year Ended December 31, 20X2 41.000 20.000 71,000 128.000 33 000 Deduct expenses Accounts receivable Inventories Fixed assets, net Accounts payable Paid in capital Retained earnings, Jan 1 20X2 Revenue Cost of sales Operating expenses Totals 10000 59.000 342 000 178 000 138000 578.000 57 000 Net income (oss)