Given the following accounts put together an income statement and balance sheet Accounts Receivable $ 50 Accounts Payable $ 50 Inventories $100 Cash $ 50 Sales $500 Retained Earnings $50 Cost of Goods Sold $350 Selling General & Admin $50 Short term loans payable $50 Long term debt $150 Common Stock $50 Interest Expense $ 30 Additional Paid in Capital $200 Property Plant & Equipment $350 Tax Expense $ 25