es and net income for the vears 20202023. For es and net income for the vears 20202023. For

For Week 3, pleasgmplete thefollowing for Joe's FlyrByrNight Oil Company,yhose latest income statement and balance sheet are shown below: Joe's Fly-by-Night Oil Income Statement, 2023 Sales Cost of goods sold Gross Profit S, G & A expenses EBIT Interest Before-tax earnings Taxes Net Income EPS Dividends Addition to retained earnings $10,000 4,000 $6,000 3,000 $3,000 $200 $2,800 1,000 $1,800 $1.80 $600 $1,200 Balance Sheet, as of Dec 31, 2023 ASSETS Cash Accounts Receivable Inventory Current assets Equipment (gross) Less Accum Depreciation Equipment (net) Total Assets LIABILITIES AND EQUITY Accounts Payable Current Liabilities Long-Term debt Total liabilities Common Stock (1,000 shares Retained earnings Total equity Total liabilities & Equity $5,000 3,000 17,000 $25,000 27,000 -12,000 $15,000 $40,000 $17,000 $17,000 $3,000 $20,000 $7,000 $13,000 $20,000 $40,000 Prepare a graph of sales and net income for the ears 2020 2023. For thepurposes of this exercise,assume thefollowing historical sales and net incomgfigures for Joe's Fly-By-Night Oil: Year 2020 2021 2022 2023 Comment on the results displayed on the gra h. Sales $8,200 $8,000 $9,000 $10 ooo Net Income $1,500 $1,400 $1,600 $1 800