nstructions Income Statement Balance Sheet Stmt of Cash Flows Analysis Stock In ACCT 2023PROJECT I azing Company began operations on January 1, 2015, and is now in its fourth year of operations. It is a retail sales company with a large amount of online sales. adjusted trial balance as of December 31, 2019 appears below, along with prior year balance sheet data and some additional transaction data for 2018. AMAZING COMPANY Adjusted Trial Balance 12/31/19 Account Title Cash Accounts Receivable Prepaid Insurance Inventory Office Equipment Machinery & Tools Accumulated Depreciation Accounts Payable Salaries Payable Sales Tax Payable Note Payable Long Term Common Stock, $10 par Retained Eamings Dividends Sales Revenue Cost of Goods Sold Rent Expense Salaries Expense Insurance Expense Legal Fees Depreciation Expense Interest Expense Income Tax Expense 2019 Adjusted Trial Balance Debit 2018 Credit Debit Post-Closing Trial Balance Credit 120,000 125,600 55,000 35,000 5,000 6,000 46,000 15,600 63,000 47,000 59,000 21,000 21,000 16,000 12,200 16,800 2,600 2,700 2,000 4,000 31,000 22,100 240,000 160,000 28,600 28,600 10,000 240,000 132,600 20,000 36,000 11,800 9,200 5,000 1,800 3,000 577,400 577,400 250,200 250,200 Transaction Data for 2019 (Note, these transactions were included in the trial balance number above.) Cash paid for purchase of office equipment Cash paid for purchase of tools Acquisition of Machinery with Notes Payable--Long-term Payment on Long Term Debt Cash payment of dividends Cash receipt from issuance of 10,000 shares of common stock 6,000 10,000 38,000 ? 10,000 80,000 quirements: (See sheet tabs at bottom. Use each sheet for the following requirements.) Excel Skills in completing these requirements. You must use formulas and functions, cell references, and professional formatting. 1. Using examples from your textbook, or online research, prepare the Panama Pajama Company multi-step income statement for the year ended December 31, 2019. Include the I bottom. Also include a vertical analysis column at the right and perform a vertical analysis of the income statement. (Use percentage format with 1 decimal place.) 2. Prepare the Panama Pajama Company balance sheet for December 31, 2019. Include a vertical analysis column at the right Jand perform a vertical analysis of the balance sheet. (Use the percentage format with I decimal place.) 3. Prepare the Panama Pajama Company statement of cash flows for the year ended December 31, 2019. Use the indirect method. Your textbook has examples of this. 4. Complete the analysis of the financial statements as directed on the Analysis sheet. Use percentage format where appropriate with 2 decimal places. 5. Complete the analyis of the investment options between this company and EBUY (ratios given). Also use the chart from the attached article, and any other source to analyze the GAAP vs. IFRS Write short response (15-30 sentences) on your analysis