Consider P. Ltd, a one-asset firm with no liabilities. Assume that the asset will generate end-of-year cash flows of $200 each year for two years and then will have zero value. The interest rate in the economy is 10%. 1. Prepare the income statement for year 2 (2 points) 2. Do we need I/S if the discount rate and future cash flows are certain? Why? What information should be on the income statement if we cannot get the certainty condition? (2 points) 3. Prepare the balance sheet at the end of year 2 for the company. The company pays no dividends (2 points)