Please see below, the questions and the answer forms

B-ME, Inc. BALANCE SHEET As of December 31, 2018 ASSETS Current Assets: Cash Long-term Assets: Building & Equipment La nd Total Assets B-ME, Inc. 23,000 200,000 240,000 LIABILITIES & EQUITY Current Liabilities: Accounts Payable Long-term Liabilities: Bank Loan Equity: Common Stock Retained Earnings Total Liabilities & Equity 200,000 200,000 CASH RECEIPTS & EXPENDITURES FOR 2019 Cash Receipts: Sa les Total Cash Receipts Cash Disbursements: Wages & Salaries Expense Heat, Light & Power Expenses More supplies (i.e. more Invento Selling & Administrative Expenses Payment on Loan (Principal Interest Expense on Loan Total Cash Disbursements Increase in Cash 221,800 221,800 75,500 6, 000 42,600 18, 275 3,150 158,525 63,275 At the end of 2019, Amanda and Teresa collected all their receipts/paid invoices and prepared their cash receipts & expenditures for 2018 (see chart and Sted them in Quick Books. Th just hired Ryan as their new bookkeeper and asked him to prepare a Balance Sheet and Income Statement for 2018. Question: What should Ryan's Cash Basis Balance Sheet and Income Statement for 2019 look like ? Remember: they made no accruals...just cash entries.