For Week 3, please complete the following for Joe's Fly-By-Night Oil Company, whose latest income statement and balance sheet are shown below: Joe's Fly-by-Night Oil INCOME STATEMENT, 2021 BALANCE SHEET, as of Dec 31, 2021 Sales $10,000 ASSETS Cost of goods sold 4,000 Cash $5,000 Gross profit $6,000 Accounts receivable 3,000 S, G & A expenses 3,000 Inventory 17,000 EBIT $3,000 Current assets $25,000 Interest $200 Equipment (gross) 27,000 Before-tax earnings $2,800 Less Accum Depreciation (12,000) Taxes 1,000 Equipment (net) $15,000 Net income $1,800 Total assets $40,000 LIABILITIES AND EQUITY EPS $1.80 Accounts payable $17,000 Current liabilities $17,000 Dividends $600 Long-term debt $3,000 Addition to retained earnings $1,200 Total liabilities $20,000 Common stock (1,000 shares) $7,000 Retained earnings $13,000 Total equity $20,000 Total liabilities & Equity $40,000