Example 1: Lemonade Stand a) You opened up a lemonade stand business with $100 of your own money and borrowed $50 from your bank with a 10% interest rate. You spent $50 on lemons and cups and $90 on lemonade stand and equipment with a useful life of 3 years. How does your initial 20= AR balance sheet look like? b) During the year, you sold $120 worth of lemonade that had $30 cost. You only collected $100 of the revenue in cash and paid employee $20. Suppose that your tax rate is 20%. You bought second lemonade stand for $40, bought $40 worth of Treasury securities and borrowed an extra $50 from the bank. Finally, you paid yourself a $10 dividend. Create your company's income statement, balance sheet, and statement of cash flow an a he first year