II. On the attached worksheet prepare a BALANCE SHEET & INCOME STATEMENT. CASH 15,000 ACCOUNTS RECEIVABLE 50,000 MERCHANDISE INVENTORY 40,000 PREPAID EXPENSES 10,000 BUILDING 100,000 ACCUMULATED DEPRECIATION BLDG (25,000) LAND 50,000 PATENT 20,000 ACCOUNTS RECEIVABLE OFFICER 10,000 ACCOUNTS PAYABLE 45,000 BONDS PAYAB;E 100,000 COMMON STCK 50,000 RETAINED EARNINGS 75,000 SALES COST OF SALES SELLING EXPENSES 10,000,000 5,000,000 1,500,000 500,000 ADMINISTRATIVE EXPENSES INTEREST EXPENSE 50,000 PROVISION FOR INCOME TAX 620,000 CASH FLOW 2019 2018 CASH 157,000 78,000 ACCOUNTS RECEIVABLE 180,000 185,000 INVESTMENTS 52,000 74,000 EQUIPMENT 298,000 240,000 ACCUMULATED DEPRECIATION BLDG (106,000) (89,000) CURRENT LIABILITIES 134,000 151,000 COMMON STCK 160,000 160,000 RETAINED EARNINGS 287,000 177,000 INFO INVESTMENTS SOLD AT A LOSS OF $7,000, DIVIDENDS $50,000, NET INCOME$160,000