I dont know what im missing in the balance sheet and Im not sure how to do the Income Statement.

At the end of Year 1, Emma, Inc. had $600 of cash, $400 of liabilities, $200 of common stock, and zero in retained earnings. During Year 2, the company generated $560 of cash'revenue and incurred $900 of cash expenses. Required: Prepare balance sheets for Year 1 and Year 2 (Amounts to be deducted should be indiceted with a minus sign.) EMMA, INC. Balance Sheet December 31, Year 1 & Year 2 Year 1 Year 2 Assets 600 S Cash $ 260 Total assets 600 260 Total iabilities 400 Stockholders' Equity 200 Common stock Retained earnings 0 Total stockholders equity 200 C Total liabilities and stockholders' equity 600 S Prepare a Year 2 income statement EMMA, INC. Income Statement For the Year Ended December 31, Year 2 Revenue Expense