prepare a balance sheet and income statement for the warner company from the following given data

Given Data: Depreciation Expense Cash Long-Term Debt Sales Accounts Payable General & Administrative Expense Buildings & Equipment Notes Payable Accounts Receivable Interest Expense Accrued Expenses Common Stock Cost of Goods Sold Inventory Taxes Accumulated Depreciation Taxes Payable Retained Earnings $66,000.00 $225,000.00 $334,000.00 $573,000.00 $102,000.00 $79,000.00 $895,000.00 $75,000.00 $167,500.00 $4,750.00 $7,900.00 $289,000.00 $297,000.00 $99,300.00 $50,500.00 S263,000.00 S53,000.00 S262,900.00 a. Prepare an income statement for the Warner Company. $573,000.00 $297,000.00 $276,000.00 Warner Company Income Statement Sales Cost of Goods Sold Gross Profit Expenses General & Administrative Expense Depreciation Expense Total Operating Expenses Net Operating Income Interest Expense Earnings Before Taxes Taxes Net Income $79,000.00 $66,000.00 $4,750.00 $50,500.00 b. Prepare a balance sheet for the Warner Company. Warner Company Balance Sheet Assets Current Assets Cash Inventory Accounts Receivable Total Current Assets Fixed Assets Buildings & Equipment Less: Accumulated Depreciation Buildings & Equipment, net Total Assets Liabilities Current Liabilities Accounts Payable Taxes Payable Accrued Expenses Notes Payable Total Current Liabilities Long-Term debt Total Liabilities 3-13 8 -9 0 1 2 3 4 55 6 7 58 59 Cash Inventory Accounts Receivable Total Current Assets Fixed Assets Buildings & Equipment Less: Accumulated Depreciation Buildings & Equipment, net Total Assets Liabilities Current Liabilities Accounts Payable Taxes Payable Accrued Expenses Notes Payable Total Current Liabilities Long-Term debt Total Liabilities Shareholders' Equity Common Stock Retained Earnings Total Shareholders' Equity Total Liabilities & Shareholders' Equity 50 51 52 53 54 55 56 57 58 59 30