Finance and Accounting Create an income statement, balance sheet, and cash flow statement given the following data: \begin{tabular}{|l|l|l|} \hline 12/31/2021 & Balance Sheet as of & \\ \hline & Accounts Payable & $4,000 \\ \hline & Accounts Receivable & $20,000 \\ \hline & Cash & $95,000 \\ \hline & Fixed Tangible Assets & $148,000 \\ \hline & Patent & $4,000 \\ \hline & Prepaid Expenses & $3,000 \\ \hline & Total Debt & $150,000 \\ \hline & debt of total payable next 12 mos & $3,000 \\ \hline & Sold equipment & $7,000 \\ \hline \end{tabular} Income Statement: \begin{tabular}{|l|l|} \hline Sales (Revenue, Top Line) & \\ \hline - Costs of goods sold (COGS: Direct Expenses, vary with sales quantity) & \\ \hline Gross Margin & \\ \hline Gross Margin \% & \\ \hline - Operating Expenses (SG\&A - selling, general and administrative and \\ Indirect Expenses) & \\ \hline Earnings Before Interest, Taxes, Depreciation \& Amortization \\ (EBITDA) & \\ \hline - Depreciation and Amortization & \\ \hline Earnings Before Interest \& Taxes (EBIT, Operating Income) & \\ \hline Taxable Income & \\ \hline - Taxes (20\%) & \\ \hline - Interest & \\ \hline \end{tabular} Balance Sheet: r 1 +1,1 1n