Lemonade Inc. Balance Sheet Information Lemons and Sugar and Cups: $1,800 Cash: $300 Biff owes us $1,000 for his monthly tab The Stand and Equipment and License from the University: $2,000 Vendor Bills: $1,600 Loan from the bank of $1,000 Income Statement Information Sales 2018: $12,000 Cost of the cups and lemons and sugar and stuff to make each cup: $8,300 General & Administrative Expenses: $1,700 Interest on $1,000 loan at 10% per year: $100 Tax rate: 35% 1. What does the Balance Sheet of Lemonade Inc. look like on 12/31/2018? 2. What does the Income Statement of Lemonade Inc. look like for the year ending 12/31/2018