education.com/inde con contest brown Hei Required information {The following information is to the questions displayed below! Fanning Company began operations on January 1 year byssung common stock for $31000 cash During year Fanning received 555 300 cash from revenue and incurred costs that required 535.300 af cash payments Prepare a GMP bated income statement and balance sheet for Fanning Company for yeart under och of the forfowing independent scenarios b. Fanning is in the car rental business. The 36.300 we paid to purchase automobs The automobiles were purchased on 1 year and have three year useful lives with no expected salvage value Fanning uses straight-line de rection The revenu generated by leasing the stomobiles Complete this questidin tuy enter in your stwower in the title below.

o 63T 10 5 7 00 5 w E R 1 P S B H J K L V B N M Required information Prepare a palance sneet. (Amounts to be deacted s FANNING COMPANY Balance Sheet as of 12/31/Year 1 Assets Total assets Equity Total equity o 63T 10 5 7 00 5 w E R 1 P S B H J K L V B N M Required information Prepare a palance sneet. (Amounts to be deacted s FANNING COMPANY Balance Sheet as of 12/31/Year 1 Assets Total assets Equity Total equity