Create a Balance sheet and statement of stockholders equity

ACE Income Statement For the Year Ended December 31, 20XX Revenue Sales Revenue Service Revenue Total Revenue 1,195,200 14,400 1,209,600 Expenses: Insurance expense Bad Debt Expense Salary Expense Depreciation Expense Interest expense Sales Expense $7,920 42,000 $360,000 $14,875 $2,000 $ 21,120 S 447,915 Income Before Gains/Losses Other Gains/Losses 761,685 (9,300) Income Before Income Tax Expense Income Tax Expense 752,385 432,000 Net Income 320,385 ACE Income Statement For the Year Ended December 31, 20XX Revenue Sales Revenue Service Revenue Total Revenue 1,195,200 14,400 1,209,600 Expenses: Insurance expense Bad Debt Expense Salary Expense Depreciation Expense Interest expense Sales Expense $7,920 42,000 $360,000 $14,875 $2,000 $ 21,120 S 447,915 Income Before Gains/Losses Other Gains/Losses 761,685 (9,300) Income Before Income Tax Expense Income Tax Expense 752,385 432,000 Net Income 320,385