Make balance sheet and cash flow statement according to the income statement provided. Income statement: This income statement has been assumed according the competitors the business will face when came into run- Total revenue - $500000 Cost of sales - Total revenue Basic fees $883,933 Rental royalty fees 1,171,941 Sales royalty fees 392,367 Attractions 222,752 Original sale entry fees 120,057 Resale entry fees 1,174,291 Operations revenue fees 272,946 Associate members' fees 33,307 Event revenue and sponsorship 276,097 Interest income 62,950 Other 31,435 4,642,146 Profit - $1638642 Make balance sheet and cash flow statement according to the income statement provided. Income statement: This income statement has been assumed according the competitors the business will face when came into run- Total revenue - $500000 Cost of sales - Total revenue Basic fees $883,933 Rental royalty fees 1,171,941 Sales royalty fees 392,367 Attractions 222,752 Original sale entry fees 120,057 Resale entry fees 1,174,291 Operations revenue fees 272,946 Associate members' fees 33,307 Event revenue and sponsorship 276,097 Interest income 62,950 Other 31,435 4,642,146 Profit - $1638642