Muhanga Inc. has the following accounts and balances at year-end (Dec. 31, 2018). Prepare the Income statement & Balance sheet as of Dec. 31, 2018 Accounts Payable (Trade) Accounts Receivable (debtors) Equipment, net Cash $ 460.0 $ 420.0 $ 1,150.0 $ 163.0 Common (Capital) Stock $ 400.0 Cost of Goods Sold $ 780.0 Income Taxes Expense $ 135.0 Inventories (stock) Land $ 710.0 300.0 Long-Term Debt $ 1,550.0 Prepaid Rent Expense $ 30.0 Sales Revenue $ 2,460.0 Retained Earnings, Dec. 31, 2017 $ 150.0 Dividends Paid $ 12.0 Selling & Adm. Expenses $ 1,320.0