prepare and jncome statement and ballance sheet for each company. Also, a brief analysis of "who did better"?

Appendix a 2019 Cash Transactions for Pierre's Cupcake Shoppe Beginning Cash Balance EO CASH INFLOWS Initial investment 50,000 Cash from customers 410,000 Borrowed cash from the bank 470,000 Total Cash Inflows (receipts) 930.000 CASH OUTFLOWS Purchased store (no land-just the store) 500,000 Purchase of equipment 21,000 Purchase of furniture 11,000 Interest paid to bank (11 months) 25,850 Cash paid to vendors for baking and other supplies 280,000 Cash paid to Pierre for his salary 40,000 Cash paid to you (investor) 5.000 Total Cash Outflows (disbursements) 882.850 ENDING CASH BALANCE 47.150 APPENDIX B 2019 Cash Transactions for Marie's Cupcake Bakery Beginning Cash Balance 0 CASH INFLOWS Initial investment 75,000 Cash from customers 550,000 Total Cash Inflows (receipts) 625,000 CASH OUTFLOWS Purchase of equipment 24,000 Purchase of delivery truck 30,000 Cash paid to vendors for baking and other supplies 480,000 Cash paid to Marie for her salary 40,000 Rent payments (15 months) 21.000 Total Cash Outflows (disbursements)_ 595,000 ENDING CASH BALANCE 30,000 Pierre On January 1, 2019, Pierre received $50,000 to start the businesses at the beginning of 2019 in exchange for 5,000 shares and 10,000 shares of common stock, On January 1, 2019, he purchased equipment for $21,000 and furniture for $11,000. He purchased a store for $500,000. He paid $30,000 in cash and borrowed the remaining S470,000 from a bank. The bank loan has an interest rate of 6 percent a year. Pierre pays interest on the 10th of the month for the previous month's interest but will pay no principal until January 1, 2029, when the loan is due in full. Although the loan is for 10 years, Pierre expects to use the building for at least 30 years. This year he collected $410,000 in cash from his customers Throughout the year, he purchased and received $280,000 in baking and other supplies for the shop from various vendors. He paid cash when he purchased these items. He only has about $100 of unused supplies in the shop at any point in time. He will be replacing most of the furniture in the next few weeks and that will cost him $17,000 The bank loan is not due until 2029 and he's been keeping current with the monthly interest payments of $2,350 Also, he recently wrote a dividend check for $5,000. He received a salary of $40,000 for the year Currently, he has 547,150 in the bank. Marie Marie received $75,000 to start the businesses at the beginning of 2019 in exchange for 5,000 shares and 10,000 shares of common stock, She typically collect money within 30 days of making the sale. This year she sold $610,000 of merchandise; however, as of year-end, she had only collected $550,000 of this amount and her customers still owe her the remainder. With the state of the current economy, shes afraid she won't be able to collect up to $10,000 of what her customers still owe me She purchased equipment for $24,000 and a delivery truck for $30,000 on January 1, 2019 This year she purchased and received $505,000 of supplies. Her vendors let her buy on credit and then pay them later. Thus, she still owe my vendors $25,000. Currently, she have about $10,000 of supplies that she hasn't used that are at the bakery She put more miles on the delivery truck than she expected to, so it will only last another three years. She will probably need to replace the equipment She rents for only $1,400 a month She had to sign a three-year lease and must pay three months of rent at a time. At the end of December, she paid the landlord for rent through March 2020 She also paid herself the $40,000 salary Currently, she has $30,000 in the bank