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I need help with income statement and balance sheet and how much it increased in the year of 2021 Financial Statements Prepare the Financial Statements

I need help with income statement and balance sheet and how much it increased in the year of 2021

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Financial Statements Prepare the Financial Statements for the fiscal year ended December 31, 2021 for MaBak Inc. Inc. Don't forget the statement dates and dollar signs. Complete the Horizontal and Vertical analysis. Round answers to the whole percent. Account Name Amount Account Name Amount Accounts Payable 42,000 Investments - Long Term 12,000 Accounts Receivable (net 30,000 Land - not in use, to be sold in 5 years 25,000 Accrued Liabilities 3,000 Marketable Securities 5,000 Administration Expense 30,000 Net Sales 135,000 Bonds Payable 20,000 Notes Payable - Long Term 13,000 Car (net 32,000 Notes Receivable 2,000 Cash 50,000 Other Expense (interest) 7,600 Cost of Goods Sold 20,000 Other Income 4.000 Current Maturities of Long Term Debt 12,250 Selling Expense 14,000 Equipment (Net) 12,000 Supplies 7,500 Income Tax Expense 4,400 Taxes Payable 17,750 Inventory 40,000 Unearned Sales Revenue 13,000 Don't forget the BICE statement date MaBak Inc. Inc. mate Income Statement Horizontal Vertical 2021 2020 S 2021% 2020% $ 90,000 (9,800) Gross Profit $115,000 $ 80,200 (30,000) (21,200) Income from Operations $ 41,000 $ 29,000 2.000 (4,200) Income before Income Tax $ 37,400 $ 26,800 Income Tax Expense (1,800) Net Income $ 33,000 $ 25,000 M. Baker Page 1

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