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Prepare the income statement and balance sheet for Coca-Cola Company for the fiscal year ending December 31, 20X5, using the following data: Income Statement: Revenue
Prepare the income statement and balance sheet for Coca-Cola Company for the fiscal year ending December 31, 20X5, using the following data:
Income Statement:
Revenue | $30,000,000 |
Cost of Goods Sold | $10,000,000 |
Operating Expenses | $5,000,000 |
Interest Expense | $1,000,000 |
Tax Expense | $2,000,000 |
Balance Sheet:
Assets | Liabilities & Equity |
Cash: $5,000,000 | Accounts Payable: $2,000,000 |
Inventory: $3,000,000 | Long-Term Debt: $10,000,000 |
Property, Plant & Equipment: $20,000,000 | Equity: $25,000,000 |
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