Lionel Corporation is a manufacturing company that produces sports equipment. The company has the following financial information for the year ended December 31, 2022: Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Administrative Expenses Allowance for doubtful accounts Bonds Payable Building held for future use Buildings Cash Common Stock Cost of Goods Sold Depreciation expense was overstated in prior yea Discount on Bonds Payable Discountiuned operation loss (before Tax) Dividend paid for the year- Preferred Dividend paid for the year-Common Equipment Gain on Sale of Equipment Goodwill Interest Expense Inventory Land Notes Payable (due next year) Other Comprehensive Income (Net of tax) preferred Stock Prepaid Rent Retained Earnings Beginning Sales Revenue Selling Expenses Short-term Investments (held-to-maturity) Unearned Revenue Wages Payable Federal tax rate of 25% on all items Number of Common Shares outstanding 40,000 $ 10,900 5,900 80,000 1. Income Statement 2. Comprehensive Income Statement 3. Statement of Retained Earnings 4. Balance Sheet 32,000 26,800 1,100 120,000 40,000 350,000 8,300 120,000 276,500 96,000 15,000 60,000 24,000 21,000 76,000 5,233 18,000 7,200 91,400. 75,000 16,000 25,000 80,000 1,800 61,900 548,200 35,200 12,500 2,500 6,700 Using the information provided, prepare the following financial statements for Lionel Corporation for the year ended. December 31, 2022