Organize the following information onto an Income Statement and a Balance Sheets and calculate: $1)$ EBIT, $2)$ EBT, $3)$ Net Income, $4)$ Current Assets, $5)$ Total Assets, $6)$ Current Liabilities, $7)$ Total Liabilities, $8)$ Shareholders':Equity,'and $9)$ Working Capital. Then, use your calculations to answer Questions $1-7.$

Cash $=$$$100$

Depreciation $=$$$500$

Notes Payable $=$$$600$

Sales $=$$$5,000$

Accounts Payable $=$$$300$

Net Plant & Equip $=$$$9000$

Accounts Receivable $=$$$400$

LT Bonds $=$$$7,100$

Interest Expen'se $=$$$500$

Inventory $=$$$500$

Operating Expenses $=$$$3000$ Tax Rate $=40\%$

Question $2(2$ points$)$

Using the data provided, calculate the amount of income taxes.

$$40$

$$400$

$$600$

$$2000$

None of the above.

Question $3(2$ points$)$

Using the data provided, calculate the Net Income.

$$600$

$$900$

$$960$

$$1100$

None of the above.