Following is a trial balance for Jane Co., as of 12/31/2018. Do the best you can in formatting your response, it doesn't have to be "pretty", but it is important that your answer is clear.

Debit Credit

Cash (C) $ 100

Accounts receivable (AR) 500

Inventory (I) 1,000

Machinery (M) 25,000

Accumulated depreciation (AD) 12,000

Goodwill (GW) 2,000

Accounts payable (AP) 1,500

Notes payable (NP) 800

Long-term debt (LTD) 2,700

Common stock (CS) 200

Additional paid-in capital (APIC) 900

Retained earnings (RE) 10,200

Sales (S) 7,000

Cost of goods sold (COGS) 5,000

Marketing and administrative (MA) 1,000

Depreciation (D) 500

Income tax provision (TAX) 200

Required:

Prepare a Statement of Financial Position and an Income Statement for Jane Co. based on the above information. (Use the abbreviations in parentheses to speed things up.) Showing appropriate subtotals and totals matters