Lang Company began operations on January 1, 2014, by issuing common stock for $32,000 cash. During 2014, Lang received $21,200 cash from revenue and incurred costs that required $37,200 of cash payments. Required: Prepare an income statement and a balance sheet for Lang Company for 2014, under each of the following independent scenarios. a. Lang is a promoter of rock concerts. The $37,200 was paid to provide a rock concert that produced the revenue. (Any losses and amounts to be deducted should be indicated with a minus sign.) LANG COMPANY Income Statement for 2014